Weyerhaeuser Company (WY) : The highest level Weyerhaeuser Company (WY) is projected to reach is $36 for the short term and the lowest estimate is at $33. The consolidated price target from 8 rating analysts who initiate coverage on the stock is $34.5 and the possibility the share price can swing is $1.31.
Weyerhaeuser Company (WY) : 8 analysts are covering Weyerhaeuser Company (WY) and their average rating on the stock is 2.13, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Weyerhaeuser Company (WY) also receives 3 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Also, In a research note released to the investors, Dundee downgrades its rating on Weyerhaeuser Company (NYSE:WY).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on August 12, 2016.
Weyerhaeuser Company (NYSE:WY): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.82 and $31.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $32.02. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.87, notching a gain of 0.06% for the day. The total traded volume was 2,783,878 . The stock had closed at $31.85 on the previous day.
Weyerhaeuser Company is a real estate investment trust (REIT). The Company is an owner of timberlands. It is principally engaged in growing and harvesting timber, as well as manufacturing, distributing and selling products made from trees. The Company owns nearly 7 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. It is engaged in the manufacturing of wood and specialty cellulose fibers products. The Companys operational segments include Timberlands, Wood Products and Cellulose Fibers. The Companys Timberlands segment manages approximately 6.9 million acres of private commercial timberlands across the world. The Wood Products segment manufactures and distributes wood products primarily in North America and Asia. The Cellulose Fibers segment is involved in the production of absorbent fluff pulp used in products, such as diapers.