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Weyerhaeuser (WY) Gets a Buy Rating from RBC Capital

RBC Capital analyst Paul Quinn maintained a Buy rating on Weyerhaeuser (WYResearch Report) on July 18 and set a price target of $41.00. The company’s shares closed last Wednesday at $35.19.

According to TipRanks.com, Quinn is a top 100 analyst with an average return of 21.8% and a 59.8% success rate. Quinn covers the Basic Materials sector, focusing on stocks such as Rayonier Advanced Materials, GreenFirst Forest Products, and International Paper Co.

Weyerhaeuser has an analyst consensus of Moderate Buy, with a price target consensus of $39.43, implying a 13.1% 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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The company has a one-year high of $43.04 and a one-year low of $32.50. Currently, Weyerhaeuser has an average volume of 4.75M.

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.

Read More on WY:

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