Weyerhaeuser (NYSE:WY) Now Covered by JPMorgan Chase & Co.

Investment analysts at JPMorgan Chase & Co. assumed coverage on shares of Weyerhaeuser (NYSE:WY) in a report issued on Tuesday,Benzinga reports. The brokerage set an “overweight” rating and a $31.00 price target on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 21.77% from the stock’s current price.

Several other equities research analysts have also recently weighed in on WY. StockNews.com raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Raymond James upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a report on Monday, December 23rd. Citigroup reduced their price objective on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. Truist Financial lowered their target price on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research note on Monday, January 6th. Finally, Cibc World Mkts raised shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Weyerhaeuser currently has a consensus rating of “Moderate Buy” and an average price target of $34.50.

Weyerhaeuser Stock Performance

Weyerhaeuser stock opened at $25.46 on Tuesday. The business has a 50 day moving average of $29.73 and a 200-day moving average of $30.50. The company has a market capitalization of $18.48 billion, a P/E ratio of 46.29, a P/E/G ratio of 4.74 and a beta of 1.25. Weyerhaeuser has a 1 year low of $24.89 and a 1 year high of $35.08. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. On average, equities research analysts predict that Weyerhaeuser will post 0.78 earnings per share for the current year.

Institutional Investors Weigh In On Weyerhaeuser

Hedge funds and other institutional investors have recently modified their holdings of the company. South Plains Financial Inc. bought a new position in shares of Weyerhaeuser in the 4th quarter worth $25,000. Fourth Dimension Wealth LLC acquired a new position in Weyerhaeuser during the fourth quarter worth $27,000. Assetmark Inc. lifted its stake in shares of Weyerhaeuser by 290.9% in the fourth quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 922 shares in the last quarter. Asset Planning Inc acquired a new position in shares of Weyerhaeuser during the fourth quarter valued at about $36,000. Finally, TD Waterhouse Canada Inc. grew its holdings in shares of Weyerhaeuser by 136.1% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,400 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 807 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser 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.