Weyerhaeuser (NYSE:WY) Cut to Sell at StockNews.com

Weyerhaeuser (NYSE:WYGet Free Report) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

A number of other brokerages have also issued reports on WY. BMO Capital Markets upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 target price on the stock in a research report on Friday, December 6th. CIBC raised shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 target price for the company in a report on Wednesday, January 15th. Raymond James raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a report on Monday, December 23rd. Citigroup lowered their target price on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. Finally, Cibc World Mkts raised Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.14.

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Weyerhaeuser Price Performance

Shares of WY opened at $30.75 on Wednesday. The firm has a fifty day moving average price of $29.73 and a 200 day moving average price of $30.89. The stock has a market cap of $22.34 billion, a PE ratio of 41.55 and a beta of 1.42. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41.

Institutional Trading of Weyerhaeuser

Institutional investors have recently added to or reduced their stakes in the stock. Oakworth Capital Inc. purchased a new stake in Weyerhaeuser in the 3rd quarter valued at approximately $25,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Weyerhaeuser by 4,884.2% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 928 shares during the last quarter. Bangor Savings Bank raised its holdings in shares of Weyerhaeuser by 140.3% in the third quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 651 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Weyerhaeuser by 172.4% during the third quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 719 shares during the last quarter. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Weyerhaeuser during the third quarter valued at $45,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Company Profile

(Get Free Report)

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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