Weyerhaeuser Company (WY) : Zacks Investment Research ranks Weyerhaeuser Company (WY) as 4, which is a Sell recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 3 other analysts are mildly bullish on the stock and favor a Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 1.88, which indicates as a Buy.
Weyerhaeuser Company (WY) : 8 Wall Street analysts covering Weyerhaeuser Company (WY) believe that the average level the stock could reach for the short term is $34.38. The maximum price target given is $36 and the minimum target for short term is around $33, hence the standard deviation is calculated at $1.3.
Weyerhaeuser Company (NYSE:WY): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $29.52 and $29.52 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.15. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.12, notching a gain of 1.41% for the day. The total traded volume was 4,701,530 . The stock had closed at $29.70 on the previous day.
Also, Equity Analysts at the DA Davidson upgrades the rating on Weyerhaeuser Company (NYSE:WY). The brokerage firm has issued a Buy rating on the shares. The shares were previously rated Neutral. The rating by the firm was issued on June 29, 2016. The company shares have dropped -5.89% from its 1 Year high price. On Dec 1, 2015, the shares registered one year high at $33.10 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $29.97 and the 200 Day Moving Average price is recorded at $28.89.
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.