RBC Capital Believes WY Won’t Stop Here

By Jason Carr

RBC Capital analyst Deane Dray reiterated a Buy rating on Weyerhaeuser (NYSE: WY) yesterday and set a price target of $37. The company’s shares opened today at $33.25, close to its 52-week high of $34.37.

According to TipRanks.com, Dray is a 4-star analyst with an average return of 3.2% and a 61.3% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Emerson Electric Company, and United Technologies Corp.

Currently, the analyst consensus on Weyerhaeuser is Strong Buy and the average price target is $36.50, representing a 9.8% upside.

In a report issued on February 28, BMO Capital also reiterated a Buy rating on the stock with a $36 price target.

Based on Weyerhaeuser’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $1.59 billion and quarterly net profit of $551 million. In comparison, last year the company earned revenue of $1.74 billion and had a net profit of $70 million.

Based on the recent corporate insider activity of 66 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Weyerhaeuser Co. engages in the manufacture, distribution, and sale of forest products. It operates through the following segments: Timberlands, Wood Products, and Cellulose Fibers. The Timberlands segment manages private commercial forestland worldwide. This segment is engaged in growing and harvesting trees for lumber, building, pulp, paper and other wood products. The Wood Products segment delivers lumber, structural panels, engineered wood products and complementary products for residential and commercial applications. This segment offers homebuilding solutions and exports its softwood lumber and engineered building materials to Asia and Europe. The Cellulose Fibers segment produces absorbent fluff, which is used in diapers; manufactures liquid packaging board and other pulp products, which are used in the production of liquid product containers; and generates energy from black liquor produced at the mills. The company was founded by Frederick Weyerhaeuser in January 1900 and is headquartered in Federal Way, WA.