After BMO Capital and Seaport Global gave Weyerhaeuser (NYSE: WY) a Buy rating last month, the company received another Buy, this time from Stephens. Analyst Mark Connelly upgraded Weyerhaeuser to Buy today. The company’s shares closed yesterday at $26.84.
According to TipRanks.com, Connelly is a 3-star analyst with an average return of 2.6% and a 53.6% success rate. Connelly covers the Consumer Goods sector, focusing on stocks such as International Paper Co, Graphic Packaging, and Israel Chemicals.
Currently, the analyst consensus on Weyerhaeuser is a Strong Buy with an average price target of $30.33, which is a 13.0% upside from current levels. In a report issued on April 2, Seaport Global also reiterated a Buy rating on the stock.
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Based on Weyerhaeuser’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.64 billion and GAAP net loss of $93 million. In comparison, last year the company earned revenue of $1.87 billion and had a net profit of $269 million.
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Weyerhaeuser Co. engages in the manufacture, distribution and sale of forest products. It operates through the following business segments: Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR); and Wood Products.
