Even in the digital age, wood and paper are critical items and forest and wood products giant Weyerhaeuser (WY) continues to be a leader in that market. On Tuesday, the IBD SmartSelect Composite Rating for Weyerhaeuser stock edged up from 94 to a near perfect 96.
The new score means Weyerhaeuser stock is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. Top-performing stocks tend to have a 95 or better grade as they launch a significant move, putting them among watchlist candidates for the best stocks to buy and watch.
Weyerhaeuser Stock Being Accumulated
Among other key ratings, Weyerhaeuser stock has a B Accumulation/Distribution Rating on an A+ to E scale, indicating that institutional investors are fairly strongly buying its shares. The Seattle-based company holds an 85 EPS Rating, of a best-possible 99, putting it in the top 15% of companies for profit growth.
One yellow flag is its 67 Relative Strength Rating. The RS Rating tracks a stock’s share price performance over the last 52 weeks, and then compares the result to that of all other stocks. Weyerhaeuser stock has essentially moved sideways since mid-May. However, it’s trended up lately. Its stock was up 1.33% to 37.76 Tuesday afternoon, and on track for its sixth straight gain despite the overall market’s recent weakness.
Weyerhaeuser is currently forming a consolidation, with a 41.78 buy point. Look for the stock to ideally break out in volume at least 40% higher than normal.
Earnings Soar More Than 1,000 Percent
The company posted a 1,145% earnings gain for Q2, to $1.37 per share. The prior period its EPS rose 406%. Revenue grew 93% year over year in its most recent quarter, to $3.14 billion, up from 45% growth in the prior report. The company has now posted increasing growth in each of the last four quarters. Weyerhaeuser’s next quarterly report is expected on or around Oct. 30.
Weyerhaeuser stock sports an 85 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 85% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
Weyerhaeuser earns the No. 3 rank among its peers in the Finance-Property REITs industry group. Innovative Industrial Properties (IIPR) is the No. 1-ranked stock within the group.
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