Argus Research Sticks to Their Hold Rating for Weyerhaeuser (WY)
In a report released yesterday, Marie Ferguson from Argus Research maintained a Hold rating on Weyerhaeuser (WY – Research Report). The company’s shares opened today at $25.80.
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Ferguson covers the Utilities sector, focusing on stocks such as FirstEnergy, Atmos Energy, and Centerpoint Energy. According to TipRanks, Ferguson has an average return of 2.7% and a 50.00% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Weyerhaeuser with a $34.33 average price target.
Based on Weyerhaeuser’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.76 billion and a net profit of $83 million. In comparison, last year the company earned a revenue of $1.8 billion and had a net profit of $114 million
Read More on WY:
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- Weyerhaeuser to acquire 117,000 acres of timberlands in North Carolina, Virginia
- Weyerhaeuser to sell Princeton, B.C., lumber mill to Gorman Group for C$120M
- Weyerhaeuser Holds Annual Shareholders Meeting on May 9
- Weyerhaeuser authorizes new $1B share repurchase program
- Weyerhaeuser Reports Solid Q1 Earnings Amid Market Challenges
