Weyerhaeuser Co. (NYSE:WY) finished Friday with an addition of $0.15 to close at $30.66, an upside of 0.49 percent. An average of 4,248,600 shares of common stock have been traded in the last five days. There was a fall of -$0.62 in the past week, and it reached a new high 16 times over the past 12 months. The last 20 days have seen an average of 3,527,660 shares traded, while the 50-day average volume stands at 3,197,584.
WY stock has decreased by -7.37% in the last month. The company shares reached their 1-month lowest point of $29.98 on 09/28/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $26.64 and a high of $35.08 in 52 weeks. It has reached a new high 13 times so far this year and achieved 1.58% or -$0.34 in price. In spite of this, the price is down -12.60% from the 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Insider Transactions
WY stock investors should be aware that Weyerhaeuser Co. (WY) stock had its last reported insider trading activity 17 days ago on Sep 13. In this transaction, the insider spent $242,152. Senior Vice President, Merle Denise M, disposed of 5,719 shares at a price of $28.54 on Jun 01. The insider now owns more than $163,207 worth of shares. Prior to that, Senior Vice President Merle Denise M went on to Sale 1,781 shares at $30.00 each on May 16. An amount of $53,430 was transacted.
Valuation Metrics
Weyerhaeuser Co. (WY) has a trailing price-to-earnings (P/E) ratio of 32.17. The stock’s beta is 1.52. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.81, the price-to-book (PB) ratio at 2.21, and the price-to-cash flow ratio at 25.81.
The company has a payout ratio of 28.45%. The company’s most recent quarterly dividend payment was $0.19 a share, without any change from last year. Its latest decrease dividend $0.71 reported on Thursday February 9 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 0.48 and a total debt to equity ratio of 0.57 for the quarter ending June 29. Its gross profit as reported stood at $3.62 billion compared to revenue of $10.18 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Weyerhaeuser Co.’s return on assets was 4.01%.
Earnings Surprise
For the three-month period that ended June 29, Weyerhaeuser Co. had $4.82 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $230.0 million in the quarter, while revenues were shrunk -242.61%. The analyst consensus anticipated Weyerhaeuser Co.’s latest quarter earnings to come in at $0.21 per share, but it turned out to be $0.32, a 52.40% surprise. For the quarter, EBITDA amounted to $445.0 million. Shareholders own equity worth $730.75 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Weyerhaeuser Co. (WY) price momentum. RSI 9-day as of the close on 29 September was 27.73%, suggesting the stock is oversold, with historical volatility in this time frame at 12.18%.
As of today, WY’s price is $30.91 -1.98% or -$0.62 from its 5-day moving average. WY is currently trading -6.38% lower than its 20-day SMA and +3.06% higher than its 100-day SMA. However, the stock’s current price level is -10.69% below the SMA50 and -5.14% below the SMA200.
The stochastic %K and %D were 17.51% and 14.58%, respectively, and the average true range (ATR) was 0.55. With the 14-day stochastic at 23.61% and the average true range at 0.55, the RSI (14) stands at 31.83%. The stock has reached -0.46 on the 9-day MACD Oscillator while the 14-day reading was at -0.89.
Analyst Ratings
BofA Securities upgraded Weyerhaeuser Co. (NYSE: WY) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Weyerhaeuser Co. (WY) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell WY, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 7 others rate it as a “buy”.
What is WY’s price target for the next 12 months?
Analysts predict a range of price targets between $36.00 and $42.00, with a median target of $39.00. Taking a look at these predictions, the average price target given by analysts for Weyerhaeuser Co. (WY) stock is $38.78.
