In a report released today, Mark Connelly from Stephens maintained a Buy rating on Weyerhaeuser (WY), with a price target of $25.00. The company’s shares closed last Tuesday at $16.95.
According to TipRanks.com, Connelly is a 1-star analyst with an average return of -3.3% and a 39.1% success rate. Connelly covers the Consumer Goods sector, focusing on stocks such as Compass Minerals International, DuPont de Nemours, and CF Industries.
Weyerhaeuser has an analyst consensus of Strong Buy, with a price target consensus of $27.40, which is a 64.1% upside from current levels. In a report issued on March 17, RBC Capital also maintained a Buy rating on the stock with a $28.00 price target.
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Based on Weyerhaeuser’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.55 billion and GAAP net loss of $14 million. In comparison, last year the company earned revenue of $1.64 billion and had a GAAP net loss of $93 million.
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WY in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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. The Timberlands segment manages private commercial forestland worldwide, which engages in growing and harvesting trees for lumber, building, pulp, paper and other wood products. The Real Estate & ENR segment deliver premiums to timber value by identifying and monetizing higher and better use lands and capturing the full value of surface and subsurface assets. The Wood Products segment delivers lumber, structural panels, engineered wood products and complementary building products for residential, multi-family, industrial and light commercial applications. The company was founded by Frederick Weyerhaeuser on January 18, 1900 and is headquartered in Seattle, WA.
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