RBC Capital Sticks to Its Buy Rating for Weyerhaeuser

By Carrie Williams

RBC Capital analyst Paul Quinn reiterated a Buy rating on Weyerhaeuser (NYSE: WY) today and set a price target of $40. The company’s shares opened today at $33.07.

According to TipRanks.com, Quinn is a top 100 analyst with an average return of 17.9% and a 74.0% success rate. Quinn covers the Consumer Goods sector, focusing on stocks such as Mercer International Inc, International Paper Co, and Meadwestvaco Corp.

Currently, the analyst consensus on Weyerhaeuser is Strong Buy and the average price target is $37.33, representing a 12.9% upside.

In a report issued on May 16, BMO Capital also reiterated a Buy rating on the stock with a $36 price target.

Weyerhaeuser’s market cap is currently $24.89B and has a P/E ratio of 23.68. The company has a book value ratio of 2.6966.

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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.