RBC Capital Remains a Buy on Weyerhaeuser (WY)

RBC Capital analyst Paul Quinn maintained a Buy rating on Weyerhaeuser (WYResearch Report) on July 29 and set a price target of $41.00. The company’s shares closed last Monday at $36.90.

According to, Quinn is a top 100 analyst with an average return of 21.4% and a 61.2% success rate. Quinn covers the Basic Materials sector, focusing on stocks such as Rayonier Advanced Materials, GreenFirst Forest Products, and International Paper Co.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Weyerhaeuser with a $39.00 average price target, a 7.8% upside from current levels. In a report issued on July 14, Seaport Global also maintained a Buy rating on the stock with a $41.00 price target.

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Based on Weyerhaeuser’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.11 billion and net profit of $771 million. In comparison, last year the company earned revenue of $3.14 billion and had a net profit of $1.03 billion.

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying 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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