UPDATE: McAdams Wright Ragen Downgrades Weyerhaeuser to Sell on Valuation

McAdams Wright Ragen lowered its rating on Weyerhaeuser WY from Hold to Sell. McAdams Wright Ragen commented, "We continue to believe fair value is somewhere in the $15–$22 range based on a net asset approach updated for the Q3 release. An earnings or cash flow based approach would point to values on the lower end of that range. If the company could sustain the most recent results it would be trading at a PE of 31x. The last time EPS excluding special items was above the dollar mark was 2007. Though in hindsight, buying the stock in the teens would have been a profitable move, we still find that price barely justified on fundamental metrics." Weyerhaeuser closed at $27.37 on Friday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorDowngradesPre-Market OutlookAnalyst RatingsMcAdams Wright Ragen
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!