CIBC Upgrades Weyerhaeuser (NYSE:WY) to Outperformer

Weyerhaeuser (NYSE:WY - Get Free Report) was upgraded by analysts at CIBC from a "neutral" rating to an "outperformer" rating in a research report issued on Wednesday, Marketbeat Ratings reports. The brokerage presently has a $35.00 price target on the real estate investment trust's stock. CIBC's price objective would indicate a potential upside of 18.20% from the stock's previous close.

Several other equities analysts have also recently weighed in on the company. Raymond James upgraded Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 price target for the company in a report on Monday, December 23rd. Truist Financial reduced their price target on shares of Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating on the stock in a research report on Monday, January 6th. BMO Capital Markets raised shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 price target on the stock in a research note on Friday, December 6th. Finally, StockNews.com raised shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Monday, December 16th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $35.14.

Weyerhaeuser Price Performance

Shares of WY stock traded up $0.65 during mid-day trading on Wednesday, hitting $29.61. The company had a trading volume of 3,193,159 shares, compared to its average volume of 3,472,584. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41. The stock's 50 day moving average price is $29.92 and its 200-day moving average price is $30.73. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The company has a market capitalization of $21.51 billion, a P/E ratio of 40.01 and a beta of 1.42.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.03. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the previous year, the firm posted $0.33 EPS. Weyerhaeuser's revenue for the quarter was down 13.3% compared to the same quarter last year. Equities research analysts forecast that Weyerhaeuser will post 0.46 earnings per share for the current year.

Hedge Funds Weigh In On Weyerhaeuser

A number of large investors have recently made changes to their positions in WY. Acadian Asset Management LLC purchased a new position in shares of Weyerhaeuser during the second quarter valued at approximately $333,000. Rathbones Group PLC boosted its holdings in Weyerhaeuser by 3.2% during the 2nd quarter. Rathbones Group PLC now owns 19,502 shares of the real estate investment trust's stock valued at $554,000 after acquiring an additional 600 shares during the period. Massachusetts Financial Services Co. MA grew its position in Weyerhaeuser by 31.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,178,841 shares of the real estate investment trust's stock valued at $90,247,000 after acquiring an additional 769,149 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Weyerhaeuser by 27.5% in the second quarter. Dimensional Fund Advisors LP now owns 565,350 shares of the real estate investment trust's stock worth $16,050,000 after purchasing an additional 121,808 shares during the period. Finally, Moors & Cabot Inc. increased its stake in Weyerhaeuser by 0.8% in the second quarter. Moors & Cabot Inc. now owns 57,985 shares of the real estate investment trust's stock worth $1,646,000 after purchasing an additional 472 shares during the period. 82.99% of the stock is owned by hedge funds and other institutional investors.

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.