CFRA downgrades Weyerhaeuser (WY) to a Sell
Weyerhaeuser received a Sell rating and price target from CFRA analyst today.
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Currently, the analyst consensus on Weyerhaeuser is a Moderate Buy with an average price target of $30.17.
Based on Weyerhaeuser’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.54 billion and a net profit of $74 million. In comparison, last year the company earned a revenue of $1.71 billion and had a net profit of $81 million
Based on the recent corporate insider activity of 36 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, Richard Beckwitt, a Director at WY bought 20,000.00 shares for a total of $514,000.00.
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