BofA Securities slashes price target on Weyerhaeuser Company [WY] – find out why.

Weyerhaeuser Company [NYSE: WY] surged by $0.95 during the normal trading session on Wednesday and reaching a high of $32.84 during the day while it closed the day at $32.71. The company report on November 23, 2022 that Weyerhaeuser to Support Southeast Oklahoma in Wake of Tornado Damage.


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$100,000 Donation Will Provide Immediate Assistance for Response and Recovery Efforts in Idabel.

Weyerhaeuser Company (NYSE: WY) today announced the company is making an immediate $100,000 donation to the city of Idabel, Oklahoma, to support storm response and recovery efforts following the powerful tornado that struck McCurtain County on the evening of Friday, Nov. 4. More than 100 homes and businesses in Idabel suffered a direct hit from the tornado, many residents lost their homes and possessions in the storm, and multiple structures remain uninhabitable. Temporary housing, clothing, medical equipment and items for infants and children remain pressing needs for the area, and Weyerhaeuser is committed to supporting the greater Idabel community as it addresses initial impacts and begins the recovery process.

Weyerhaeuser Company stock has also gained 1.24% of its value over the past 7 days. However, WY stock has declined by -4.24% in the 3 months of the year. Over the past six months meanwhile, it has lost -15.50% and lost -17.72% year-on date.

The market cap for WY stock reached $24.19 billion, with 740.06 million shares outstanding and 734.32 million shares in the current float. Compared to the average trading volume of 4.11M shares, WY reached a trading volume of 7353806 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Weyerhaeuser Company [WY]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WY shares is $37.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WY stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA Securities have made an estimate for Weyerhaeuser Company shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 20, 2022. The new note on the price target was released on July 20, 2022, representing the official price target for Weyerhaeuser Company stock. Previously, the target price had yet another raise to $37, while Truist analysts kept a Hold rating on WY stock.

The Average True Range (ATR) for Weyerhaeuser Company is set at 0.89, with the Price to Sales ratio for WY stock in the period of the last 12 months amounting to 2.29. The Price to Book ratio for the last quarter was 2.23, with the Price to Cash per share for the same quarter was set at 2.60. Price to Free Cash Flow for WY in the course of the last twelve months was 21.64 with Quick ratio for the last quarter at 2.40.

WY stock trade performance evaluation

Weyerhaeuser Company [WY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.24. With this latest performance, WY shares gained by 5.75% in over the last four-week period, additionally sinking by -15.50% over the last 6 months – not to mention a drop of -9.91% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WY stock in for the last two-week period is set at 58.26, with the RSI for the last a single of trading hit 60.10, and the three-weeks RSI is set at 56.20 for Weyerhaeuser Company [WY]. The present Moving Average for the last 50 days of trading for this stock 30.37, while it was recorded at 32.03 for the last single week of trading, and 35.41 for the last 200 days.

Weyerhaeuser Company [WY]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Weyerhaeuser Company [WY] shares currently have an operating margin of +34.95 and a Gross Margin at +44.85. Weyerhaeuser Company’s Net Margin is presently recorded at +25.56.

Return on Equity for this stock inclined to 26.74, with Return on Assets sitting at 15.35.

Weyerhaeuser Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.40 and a Current Ratio set at 2.90.

Earnings per share (EPS) analysis for Weyerhaeuser Company [WY] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for WY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Weyerhaeuser Company go to 5.00%.

Weyerhaeuser Company [WY]: Insider Ownership positions

There are presently around $20,155 million, or 85.20% of WY stock, in the hands of institutional investors. The top three institutional holders of WY stocks are: VANGUARD GROUP INC with ownership of 120,057,029, which is approximately -0.522% of the company’s market cap and around 0.22% of the total institutional ownership; BLACKROCK INC., holding 56,957,980 shares of the stock with an approximate value of $1.86 billion in WY stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $1.31 billion in WY stock with ownership of nearly 10.861% of the company’s market capitalization.

Positions in Weyerhaeuser Company stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 393 institutional holders increased their position in Weyerhaeuser Company [NYSE:WY] by around 36,146,679 shares. Additionally, 494 investors decreased positions by around 31,639,849 shares, while 192 investors held positions by with 548,389,872 shares. The mentioned changes placed institutional holdings at 616,176,400 shares, according to the latest SEC report filing. WY stock had 60 new institutional investments in for a total of 5,121,436 shares, while 116 institutional investors sold positions of 4,046,115 shares during the same period.

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