Weyerhaeuser (WY) has been downgraded today by the research analysts at investment firm Deutsche Bank which downgraded WY from a “hold” rating to “sell.” The bank also lowered their price target for WY from $24 to $19 dollars. Weyerhaeuser is down during intraday trading.
Weyerhaeuser is slated to release their next earnings report on July 29th, 2011 and is estimated to post EPS of 11 cents. Their last earnings report was released on April 29th, 2011 and announced EPS of 18 cents with revenue totaling $1.578 billion which was down -5.2 % year to year. WY is currently trading between its 50 & 200-day moving averages and 2011 is currently an up year for the company.
Weyerhaeuser is a forest products company that grows and harvests trees, builds homes and makes a range of forest products essential to everyday lives. The company has market capitalization of $11,601,000,000 and 538,583,000 shares outstanding. WY has a 52-week high of $43.85 with the low being $15.06 dollars.