Goldman Sachs Sticks to Its Buy Rating for Weyerhaeuser (WY)
In a report released yesterday, Susan Maklari from Goldman Sachs maintained a Buy rating on Weyerhaeuser, with a price target of $38.00. The company’s shares closed yesterday at $23.16.
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According to TipRanks, Maklari is a 2-star analyst with an average return of 0.4% and a 49.14% success rate. Maklari covers the Consumer Cyclical sector, focusing on stocks such as Lennar, DR Horton, and KB Home.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Weyerhaeuser with a $31.13 average price target, representing a 34.41% upside. In a report released on March 13, CIBC 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 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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