DA Davidson Upgrades Weyerhaeuser Co to Buy

Brokerage firm DA Davidson Upgrades its rating on Weyerhaeuser Co(NYSE:WY). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by DA Davidson was issued on Jun 29, 2016.

In a different note, On May 9, 2016, DA Davidson said it Downgrades its rating on Weyerhaeuser Co. In the research note, the firm Lowers the price-target to $34.00 per share. The shares have been rated ‘Neutral’ by the firm. On May 3, 2016, Vertical Research said it Downgrades its rating on Weyerhaeuser Co. The shares have been rated ‘Hold’ by the firm.

Weyerhaeuser Co (WY) made into the market gainers list on Fridays trading session with the shares advancing 1.18% or 0.35 points. Due to strong positive momentum, the stock ended at $30.12, which is also near the day’s high of $30.19. The stock began the session at $29.65 and the volume stood at 45,55,305 shares. The 52-week high of the shares is $32.715 and the 52 week low is $22.06. The company has a current market capitalization of $22,502 M and it has 74,70,73,620 shares in outstanding.

Weyerhaeuser Co(WY) last announced its earnings results on May 6, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.83B. Analysts had an estimated revenue of $8.25B. Earnings per share were $0.24.

Several Insider Transactions has been reported to the SEC. On Jun 22, 2016, Rhonda D Hunter (Sr. Vice President) sold 6,500 shares at $29.12 per share price.Also, On Jun 13, 2016, David P Bozeman (director) sold 1,929 shares at $30.30 per share price.On Jun 8, 2016, Mark A Emmert (director) sold 9,536 shares at $31.25 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s operational segments include Timberlands Wood Products and Cellulose Fibers. The Company’s 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.

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