D.A. Davidson analyst Kurt Yinger maintained a Buy rating on Weyerhaeuser (WY – Research Report) today and set a price target of $40.00. The company’s shares closed yesterday at $32.66.
Yinger covers the Industrials sector, focusing on stocks such as Boise Cascade, Bluelinx Holdings, and UFP Industries. According to TipRanks, Yinger has an average return of 26.0% and a 77.78% success rate on recommended stocks.
In addition to D.A. Davidson, Weyerhaeuser also received a Buy from Citi’s Anthony Pettinari in a report issued on June 23. However, on June 28, Truist Financial maintained a Hold rating on Weyerhaeuser (NYSE: WY).
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The company has a one-year high of $35.54 and a one-year low of $26.16. Currently, Weyerhaeuser has an average volume of 4.24M.
Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WY in relation to earlier this year.
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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.
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