The shares of Weyerhaeuser Company (NYSE:WY) has been pegged with a rating of Buy by Seaport Global Securities in its latest research note that was published on January 23rd, 2019. The research company has also assigned a $30 price target. Seaport Global Securities wasn’t the only research firm that published a report of Weyerhaeuser Company, with other equities research analysts also giving their opinion on the stock. BofA/Merrill advised investors in its research note published on January 2nd, 2019, to Neutral the WY stock. The stock had earned Buy rating from Vertical Research when it published its report on October 24th, 2018. The stock was given Buy rating by BofA/Merrill in its report released on January 24th, 2018. Stephens was of a view that WY is Equal-Weight in its latest report on October 24th, 2017. BMO Capital Markets thinks that WY is worth Market Perform rating. This was contained in the firm’s report on August 18th, 2017.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 3 believe it has the potential for further growth, thus rating it as Hold while 4 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $29.73. The price of the stock the last time has raised by 24.51% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 53.66.
The shares of the company dipped by -2.03% during the trading session on Thursday, reaching a low of $25.43 while ending the day at $25.55. During the trading session, a total of 4.1 million shares were traded which represents a 30.67% incline from the average session volume which is 5.92M shares. WY had ended its last session trading at 26.08. Weyerhaeuser Company currently has a market cap of $19.13B, while its P/E ratio stands at 25.99, while its P/E earnings growth sits at 2.56, with a beta of 1.63. Weyerhaeuser Company debt-to-equity ratio currently stands at 0.73, while its quick ratio hovers at 0.60. WY 52-week low price stands at $20.52 while its 52-week high price is $38.39.
The company in its last quarterly report recorded $0.10 earnings per share which is below the $0.11 predicted by most analysts. The Weyerhaeuser Company generated $1,636.00 million in revenue during the last quarter, which is slightly lower than the $1,689.48 million predicted by analysts. In the second quarter last year, the firm recorded $0.28 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -180%. Weyerhaeuser Company has the potential to record 0.98 EPS for the current fiscal year, according to equities analysts.
Investment analysts at DA Davidson published a research note on February 28th, 2019 where it informed investors and clients that Fitbit, Inc. (NYSE:FIT) is now rated as Buy. Their price target on the stock stands at $7. BofA/Merrill also rated FIT as Downgrade on January 2nd, 2019, with its price target of $14 suggesting that FIT could surge by 13.8% from its current share price. Even though the stock has been trading at $5.92/share, analysts expect it to surge higher by -0.84% to reach $6.81/share. It started the day trading at $5.97 and traded between $5.85 and $5.87 throughout the trading session.
A look at its technical shows that FIT’s 50-day SMA is 6.12 while its 200-day SMA stands at 5.83. At the moment, only of Fitbit, Inc. shares were sold short. The company’s average trading volume currently stands at 5.32M shares, which means that the short-interest ratio is just 5.74 days. Over the past seven days, the company moved, with its shift of 2.09%. Looking further, the stock has raised 18.35% over the past 90 days while it lost -1.18% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more FIT shares, increasing its portfolio by +13.01% during the last quarter. This move now sees The Vanguard Group Inc purchasing 2,544,321 shares in the last quarter, thus it now holds 22,098,904 shares of FIT, with a total valuation of $130,825,512. DNB Asset Management AS meanwhile sold more FIT shares in the recently filed quarter, changing its stake to $123,270,698 worth of shares. BlackRock Fund Advisors followed the path by increasing its FIT portfolio by +3.19% in the quarter. This means that BlackRock Fund Advisors bought 428,431 shares in the last quarter and now controls 13,839,375 shares of the FIT stock, with the valuation hitting $81,929,100.
The firm bought 930,416 shares during the quarter which increased its stakes to 5,768,023 shares and is now valued at $34,146,696. Following these latest developments, around 0.20% of Fitbit, Inc. stocks are owned by institutional investors and hedge funds.