BMO Capital Sticks to Their Buy Rating for Weyerhaeuser

By Jason Carr

In a report released yesterday, Mark Wilde from BMO Capital reiterated a Buy rating on Weyerhaeuser (NYSE: WY), with a price target of $36. The company’s shares closed yesterday at $33.12.

According to TipRanks.com, Wilde is a 5-star analyst with an average return of 12.6% and a 81.0% success rate. Wilde covers the Consumer Goods sector, focusing on stocks such as Multi Packaging Solutions, International Paper Co, and Graphic Packaging.

Weyerhaeuser has an analyst consensus of Strong Buy, with a price target consensus of $37.33.

Based on Weyerhaeuser’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.69 billion and quarterly net profit of $157 million. In comparison, last year the company earned revenue of $1.85 billion and had a net profit of $81 million.

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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.