Truist Financial Issues Pessimistic Forecast for Weyerhaeuser (NYSE:WY) Stock Price

Weyerhaeuser (NYSE:WY - Get Free Report) had its target price decreased by analysts at Truist Financial from $33.00 to $30.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a "hold" rating on the real estate investment trust's stock. Truist Financial's price target points to a potential upside of 19.28% from the stock's current price.

Several other equities research analysts also recently commented on WY. Raymond James upgraded shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 price target for the company in a research report on Monday, December 23rd. CIBC cut their price target on Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating for the company in a research note on Tuesday. JPMorgan Chase & Co. started coverage on Weyerhaeuser in a report on Tuesday, April 8th. They set an "overweight" rating and a $31.00 price objective on the stock. Citigroup dropped their target price on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, January 15th. Finally, StockNews.com upgraded Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Weyerhaeuser presently has an average rating of "Moderate Buy" and an average price target of $33.75.

Weyerhaeuser Price Performance

WY traded up $0.46 on Tuesday, reaching $25.15. The company had a trading volume of 1,160,414 shares, compared to its average volume of 3,687,334. The company has a market capitalization of $18.26 billion, a P/E ratio of 45.86, a PEG ratio of 4.74 and a beta of 1.25. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The company has a fifty day moving average of $28.61 and a 200-day moving average of $29.87. Weyerhaeuser has a one year low of $24.10 and a one year high of $34.03.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. As a group, equities research analysts anticipate that Weyerhaeuser will post 0.78 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC grew its stake in Weyerhaeuser by 9.6% during the third quarter. Barclays PLC now owns 1,754,479 shares of the real estate investment trust's stock worth $59,406,000 after buying an additional 153,919 shares during the last quarter. Pine Valley Investments Ltd Liability Co grew its position in Weyerhaeuser by 6.3% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 44,481 shares of the real estate investment trust's stock worth $1,506,000 after acquiring an additional 2,655 shares during the last quarter. Arvest Bank Trust Division acquired a new stake in Weyerhaeuser during the 3rd quarter valued at $997,000. Wilmington Savings Fund Society FSB bought a new position in Weyerhaeuser in the 3rd quarter valued at $1,070,000. Finally, Tidal Investments LLC boosted its stake in Weyerhaeuser by 9.4% in the third quarter. Tidal Investments LLC now owns 258,165 shares of the real estate investment trust's stock worth $8,741,000 after purchasing an additional 22,178 shares in the last quarter. Institutional investors own 82.99% of the company's stock.

Weyerhaeuser Company Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.

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