RBC Capital analyst Matt McKellar maintained a Buy rating on Weyerhaeuser yesterday and set a price target of $33.00. The company’s shares closed yesterday at $25.90.
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According to TipRanks, McKellar is a 3-star analyst with an average return of 3.5% and a 44.19% success rate. McKellar covers the Basic Materials sector, focusing on stocks such as Clearwater Paper, Mercer International, and Rayonier Advanced Materials.
In addition to RBC Capital, Weyerhaeuser also received a Buy from Bank of America Securities’s George Staphos in a report issued on July 14. However, on July 15, Truist Financial maintained a Hold rating on Weyerhaeuser (NYSE: WY).
WY market cap is currently $18.78B and has a P/E ratio of 51.66.
Read More on WY:
- Weyerhaeuser price target lowered to $32 from $34 at BofA
- Weyerhaeuser Secures $1.75 Billion Credit Facility Agreement
- Weyerhaeuser price target lowered to $30 from $32 at JPMorgan
- Weyerhaeuser’s Strategic Positioning and Growth Potential Justify Buy Rating Despite Market Challenges
- Strategic Opportunity in Weyerhaeuser Despite Short-Term Challenges