D.A. Davidson Sticks to Its Buy Rating for Weyerhaeuser (WY)

D.A. Davidson analyst Kurt Yinger maintained a Buy rating on Weyerhaeuser yesterday. The company’s shares closed yesterday at $25.45.

Claim 70% Off TipRanks Premium

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential

According to TipRanks, Yinger is a 5-star analyst with an average return of 15.9% and a 64.54% success rate. Yinger covers the Industrials sector, focusing on stocks such as Trex Company, Bluelinx Holdings, and Louisiana-Pacific.

Currently, the analyst consensus on Weyerhaeuser is a Strong Buy with an average price target of $29.13, implying a 14.46% upside from current levels. In a report released on January 11, RBC Capital also maintained a Buy rating on the stock with a $30.00 price target.

Based on Weyerhaeuser’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.77 billion and a net profit of $80 million. In comparison, last year the company earned a revenue of $1.68 billion and had a net profit of $28 million

Based on the recent corporate insider activity of 44 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. Last month, Sara Grootwassink Lewis, a Director at WY bought 4,500.00 shares for a total of $106,200.00.