Weyerhaeuser PT Raised to $31.50 at Scotiabank (WY)

Scotiabank upped their price target on shares of Weyerhaeuser (NYSE: WY) from $30.00 to $31.50 in a research note issued on Monday.

Several other analysts have also recently commented on the stock. Analysts at DA Davidson reiterated a “neutral” rating on shares of Weyerhaeuser in a research note to investors on Tuesday, February 5th. They now have a $30.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Weyerhaeuser from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, February 1st. They now have a $32.00 price target on the stock. Finally, analysts at Argus raised their price target on shares of Weyerhaeuser from $33.00 to $36.00 in a research note to investors on Tuesday, January 29th. They now have a “buy” rating on the stock.

Three equities research analysts have rated the stock with a buy rating, one has assigned an overweight rating, ten have assigned a hold rating, one has assigned an underweight rating, and two have given a sell rating to the company. The company currently has an average rating of “hold” and an average price target of $30.95.

Weyerhaeuser (NYSE: WY) traded down 1.15% on Monday, hitting $30.20. Weyerhaeuser has a 52-week low of $18.60 and a 52-week high of $31.74. The stock’s 50-day moving average is currently $30.. The company has a market cap of $16.437 billion and a price-to-earnings ratio of 43.03.

Weyerhaeuser (NYSE: WY) last posted its quarterly earnings results on Friday, January 25th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.09. The company had revenue of $2.00 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the previous year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was up 23.8% on a year-over-year basis. Analysts expect that Weyerhaeuser will post $1.09 EPS for the current fiscal year.

Weyerhaeuser Company, formerly Weyerhaeuser Timber Company is a forest products company. The Company is engaged in growing and harvesting trees, builds homes and making a range of forest products.

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