Does Weyerhaeuser Co. (NYSE:WY) have deteriorating prospects?

The stock of Weyerhaeuser Co. (NYSE:WY) last traded at $30.16, up 4.90% from the previous session.

Data from the available sources indicates that Weyerhaeuser Co. (NYSE:WY) is covered by 11 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $40.00 and a low of $36.00, we find $38.00. Given the previous closing price of $28.75, this indicates a potential upside of 32.17 percent. WY stock price is now -2.40% away from the 50-day moving average and -3.37% away from the 200-day moving average. The market capitalization of the company currently stands at $22.02B.

In total, 3 analysts have assigned it a hold rating, and 7 have given it a buy rating. Brokers who have rated the stock have averaged $37.67 as their price target over the next twelve months.

With the price target enhanced from $34 to $38, BofA Securities Upgraded its rating from Neutral to Buy for Weyerhaeuser Co. (NYSE: WY).

In other news, Merle Denise M, Senior Vice President sold 7,500 shares of the company’s stock on Sep 13. The stock was sold for $242,152 at an average price of $32.29. Upon completion of the transaction, the Senior Vice President now directly owns 147,601 shares in the company, valued at $4.45 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 01, Senior Vice President Merle Denise M sold 5,719 shares of the business’s stock. A total of $163,207 was realized by selling the stock at an average price of $28.54. This leaves the insider owning 154,788 shares of the company worth $4.67 million. Insiders disposed of 294,064 shares of company stock worth roughly $8.87 million over the past 1 year. A total of 0.35% of the company’s stock is owned by insiders.

With an opening price of $29.16 on Thursday morning, Weyerhaeuser Co. (NYSE: WY) set off the trading day. During the past 12 months, Weyerhaeuser Co. has had a low of $27.65 and a high of $35.08. According to the stock market information, the enterprise value for the company is $25.88B, which is based on a 35.01 price-to-earnings ratio, a 7.00 price-to-earnings-growth ratio, and a beta of 1.50. The fifty day moving average price for WY is $30.84 and a two-hundred day moving average price translates $31.29 for the stock.

The latest earnings results from Weyerhaeuser Co. (NYSE: WY) was released for Sep, 2023. According to the REIT – Specialty Company, earnings per share came in at $0.32, beating analysts’ expectations of $0.21 by 0.11. This compares to $0.42 EPS in the same period last year. The net profit margin was 8.17% and return on equity was 5.99% for WY. The company reported revenue of $2.02 billion for the quarter, compared to $2.28 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -11.16 percent. For the current quarter, analysts expect WY to generate $2.07B in revenue.

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