Weyerhaeuser Co. (NYSE: WY) 52-Week High Located At $36.27, Forget The Dips, Just Ride The Rips

Weyerhaeuser Co. (NYSE:WY) does about 3.34M shares in volume on a normal day but saw 3393565 shares change hands in Friday’s trading. The company now has a market cap of 22.58B USD. Its current market price is $30.97, marking a decrease of -0.51% compared to the previous close of $31.13. The 52 week high reached by this stock is $36.27 whilst the lowest price level in 52 weeks is $28.00.

Weyerhaeuser Co. (WY) has a 20-day trading average at $31.23 and the current price is -14.61% off the 52-week high compared with 10.60% distance from its 52-week low. The 50-day simple moving average of the closing price is $33.38 and its 200-day simple moving average is $32.45. If we look at the stock’s price movements over the week, volatility stands at 1.57%, which increases to 2.09% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 38.27 to suggest the stock is neutral.

The consensus objective for the share price is $37.78, suggesting that the stock has a potential upside of 18.03% over the period.

BofA Securities upgraded the stock to “Buy” from Neutral on July 10, 2023 at a price target of $34-$38. DA Davidson upgraded its price target at $34-$35.

Weyerhaeuser Co. (WY) stock is down -0.39% over the week and -7.96% over the past month. Its price is -10.55% year-to-date and 3.33% over the past year.

To reach the target analysts have set, the stock logically needs to grow 18.03 percent from here.

The company has a return on investment of 5.38% and return on equity of 7.97%. The price to earnings ratio (P/E ratio) amounts to 28.25 while the forward price to earnings ratio is 24.23. The beta has a value of 1.45. Price to book ratio is 2.25 and price to sales ratio is 2.98.