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Zacks Investment Research recorded Weyerhaeuser Co (NYSE:WY), raising its target price to $38.00 today

Weyerhaeuser Co (NYSE:WY) had its target bumped up to $38.00 by Zacks Investment Research in an issued report issued 7/7/2017. The upped price target implies a potential upside of 0.17% from the company's most recent close.

Having a price of $32.45, Weyerhaeuser Co (NYSE:WY) traded 0.31% higher on the day. The last closing price is down -3.36% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time period. The company has recorded a 50-day moving average of $33.12 and a 200-day moving average of $33.34. 2,027,551 shares of the stock traded hands, down from an average trading volume of 3,024,700

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Weyerhaeuser Co (NYSE:WY)

Weyerhaeuser Co has 52 week low of $28.58 and a 52 week high of $35.50 with a PE ratio of 25.33 and has a market capitalization of $0.

In addition to Zacks Investment Research reporting its target price, a total of 11 analysts have released a research note on WY. The one year target is $34.39 with four equity analysts rating the company a strong buy, four brokerages rating the company a buy, four brokerages rating the company a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On Weyerhaeuser Co (NYSE:WY)

Weyerhaeuser Company is a timber, land and forest products company. As of December 31, 2016, the Company owned or controlled 13.1 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. The Company's segments include Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products. The Timberlands segment's offerings include logs, timber and recreational access via leases. The Real Estate & ENR segment includes sales of timberlands; rights to explore for and extract hard minerals, oil and gas production, and coal, and equity interests in its Real Estate Development Ventures. The Wood Products segment includes the manufacturing and distribution of wood products. The Wood Products segment is engaged in softwood lumber, engineered wood products, structural panels, medium density fiberboard and building materials distribution.

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