In a report released yesterday, Paul Quinn from RBC Capital maintained a Buy rating on Weyerhaeuser (WY – Research Report), with a price target of $40.00. The company’s shares closed yesterday at $34.06.
According to TipRanks, Quinn is a top 100 analyst with an average return of 19.0% and a 60.00% success rate. Quinn covers the Basic Materials sector, focusing on stocks such as Canfor, Clearwater Paper, and Louisiana-Pacific.
In addition to RBC Capital, Weyerhaeuser also received a Buy from Seaport Global’s Mark Weintraub in a report issued yesterday. However, on the same day, Truist Financial maintained a Hold rating on Weyerhaeuser (NYSE: WY).
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Based on Weyerhaeuser’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2 billion and a net profit of $230 million. In comparison, last year the company earned a revenue of $2.97 billion and had a net profit of $788 million
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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