Raymond James Believes Weyerhaeuser (WY) Won’t Stop Here
Raymond James analyst Buck Horne maintained a Buy rating on Weyerhaeuser (WY) today. The company’s shares closed last Friday at $38.77, close to its 52-week high of $40.56.
According to TipRanks.com, Horne is a 4-star analyst with an average return of 10.7% and a 65.8% success rate. Horne covers the Financial sector, focusing on stocks such as Mid-America Apartment, NexPoint Residential, and Equity Residential.
Currently, the analyst consensus on Weyerhaeuser is a Moderate Buy with an average price target of $38.50, representing a 0.4% upside. In a report issued on April 27, Citigroup also maintained a Buy rating on the stock with a $46.00 price target.
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The company has a one-year high of $40.56 and a one-year low of $16.05. Currently, Weyerhaeuser has an average volume of 4.43M.
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Weyerhaeuser Co. manufactures, distributes and sells forest products. It began its operations in 1900 and is one of the world’s largest private owners of timberlands. It operates through the following business segments: Real Estate, Energy and Natural Resources and Wood Products.