Weyerhaeuser Co. (NYSE:WY) price on current trading day, fall -0.19% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $32.07.
A look at the stock’s price movement, the level at last check in today’s session was $32.13, moving within a range at $31.259 and $32.22. The PE ratio in trailing twelve months stood at 31.46. Turning to its 52-week performance, $36.27 and $26.73 were the 52-week high and 52-week low respectively. Overall, WY moved -3.29% over the past month.
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Weyerhaeuser Co.’s market cap currently stands at around $23.33 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Jan-23. The company has a Forward Dividend ratio of 0.79, with its dividend yield at 2.46%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 1.73B for the company’s revenue for the quarter, with a low and high estimate of 1.65B and 1.88B respectively. The average forecast suggests down to a -2.50% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 7.16B, representing a -6.70% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that WY is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
5 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 5 recommend WY as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
WY’s current price about -2.32% and 0.10% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.23, while 7-day volatility ratio is 1.57% and 1.65% in the 30-day chart. Further, Weyerhaeuser Co. (WY) has a beta value of 1.41, and an average true range (ATR) of 0.60. Analysts have given the company’s stock an average 52-week price target of $37, forecast between a low of $34 and high of $39. Looking at the price targets, the low is -6.02% off recent price level in today’s trading while to achieve the yearly target high, it has to move -21.61%. Nonetheless, investors will most likely welcome a -15.37% jump to $37 which is the analysts’ median price.
If we refocus on Weyerhaeuser Co. (NYSE:WY), historical trading data shows that trading volumes averaged 3.27 over the past 10 days and 3.91 million over the past 3 months. The company’s latest data on shares outstanding shows there are 729.75 million shares.
The 0.38% of Weyerhaeuser Co.’s shares are in the hands of company insiders while institutional holders own 85.22% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 10.14 million on 2024-09-30, giving us a short ratio of 2.25. The data shows that as of 2024-09-30 short interest in Weyerhaeuser Co. (WY) stood at 166.0 of shares outstanding, with shares short rising to 7.45 million registered in 2024-08-30. Current price change has pushed the stock -7.37% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the WY stock continues to rise going into the next quarter.
