There has been a significant shift in the fundamentals for Weyerhaeuser Co. (NYSE:WY)

The stock of Weyerhaeuser Co. (NYSE:WY) last traded at $29.75, down -1.62% 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 $30.24, this indicates a potential upside of 25.66 percent. WY stock price is now -2.99% away from the 50-day moving average and -4.65% away from the 200-day moving average. The market capitalization of the company currently stands at $21.72B.

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 $37.33 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, Wold David M, Senior Vice President & CFO sold 923 shares of the company’s stock on Nov 03. The stock was sold for $28,271 at an average price of $30.63. Upon completion of the transaction, the Senior Vice President & CFO now directly owns 60,436 shares in the company, valued at $1.8 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 13, Senior Vice President Merle Denise M sold 7,500 shares of the business’s stock. A total of $242,152 was realized by selling the stock at an average price of $32.29. This leaves the insider owning 147,601 shares of the company worth $4.39 million. Insiders disposed of 294,064 shares of company stock worth roughly $8.75 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 $30.30 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 $25.58B, which is based on a 34.54 price-to-earnings ratio, a 6.91 price-to-earnings-growth ratio, and a beta of 1.50. The fifty day moving average price for WY is $30.67 and a two-hundred day moving average price translates $31.26 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.

Weyerhaeuser Co.(WY) 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. We are also one of the largest manufacturers of wood products in North America. Our company is a real estate investment trust. In 2022, we generated $10.2 billion in net sales and employed approximately 9,200 people who serve customers worldwide. Our common stock trades on the New York Stock Exchange under the symbol WY.

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