In a recent evaluation, CIBC has revised its price target for Weyerhaeuser (WY, Financial), lowering it from $35 to $32. Despite this adjustment, the firm maintains its Outperformer rating for the stock. This change comes as the first quarter earnings season approaches, with CIBC expressing a preference for companies in the plastic packaging sector over those involved in wood and building products.
One of the key considerations influencing this outlook is the persistence of elevated interest rates, which are expected to continue exerting pressure on demand within the sector. Moreover, Canadian lumber firms are anticipated to encounter rising costs as the year progresses, a factor that could further impact financial performance.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for Weyerhaeuser Co (WY, Financial) is $35.80 with a high estimate of $38.00 and a low estimate of $33.00. The average target implies an upside of 43.34% from the current price of $24.98. More detailed estimate data can be found on the Weyerhaeuser Co (WY) Forecast page.
Based on the consensus recommendation from 13 brokerage firms, Weyerhaeuser Co's (WY, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Weyerhaeuser Co (WY, Financial) in one year is $29.69, suggesting a upside of 18.88% from the current price of $24.975. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Weyerhaeuser Co (WY) Summary page.
