Is Weyerhaeuser Co. (NYSE: WY) Proving The Doubters Wrong?

Weyerhaeuser Co. (WY) concluded trading on Wednesday at a closing price of $34.94, with 3.12 million shares of worth about $109.09 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 17.04% during that period and on April 3, 2024 the price saw a loss of about -1.38%. Currently the company’s common shares owned by public are about 729.75M shares, out of which, 726.80M shares are available for trading.

Stock saw a price change of -1.44% in past 5 days and over the past one month there was a price change of -1.19%. Year-to-date (YTD), WY shares are showing a performance of 0.92% which increased to 16.46% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $28.00 but also hit the highest price of $36.27 during that period. The average intraday trading volume for Weyerhaeuser Co. shares is 3.57 million. The stock is currently trading -0.14% below its 20-day simple moving average (SMA20), while that difference is up 2.96% for SMA50 and it goes to 7.60% higher than SMA200.

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Weyerhaeuser Co. (NYSE: WY) currently have 729.75M outstanding shares and institutions hold larger chunk of about 86.18% of that.

The stock has a current market capitalization of $25.49B and its 3Y-monthly beta is at 1.44. PE ratio of stock for trailing 12 months is 30.49, while it has posted earnings per share of $1.15 in the same period. Its PEG reads 6.10 while making debt-to-equity ratio of 0.51. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for WY, volatility over the week remained 1.31% while standing at 1.66% over the month.

Analysts are in expectations that Weyerhaeuser Co. (WY) stock would likely to be making an EPS of $0.19 in the current quarter, while forecast for next quarter EPS is $0.33 and it is $1.36 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.16 which is $0.26 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.21 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 3.07% while it is estimated to increase by 27.16% in next year. EPS is likely to grow at an annualized rate of 5.00% for next 5-years, compared to annual growth of 3.00% made by the stock over the past 5-years.

Coverage by BofA Securities stated Weyerhaeuser Co. (WY) stock as a Buy in their note to investors on July 10, 2023, suggesting a price target of $38 for the stock. On April 10, 2023, DA Davidson Upgrade their recommendations, while on September 20, 2022, BofA Securities Downgrade their ratings for the stock with a price target of $34. Stock get a Hold rating from Argus on July 20, 2022.

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