Plum Creek Timber Stock Rating Upgraded by DA Davidson (PCL)
Plum Creek Timber (NYSE: PCL) was upgraded by DA Davidson from an “underperform” rating to a “neutral” rating in a research note issued on Thursday, Stock Ratings Network.com reports. The analysts noted that the move was a valuation call.
PCL has been the subject of a number of other recent research reports. Analysts at Bank of America upgraded shares of Plum Creek Timber from a “neutral” rating to a “buy” rating in a research note to investors on Monday, June 3rd. They now have a $55.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Plum Creek Timber in a research note to investors on Thursday, May 30th. They now have a $51.00 price target on the stock. Finally, analysts at Raymond James raised their price target on shares of Plum Creek Timber from $51.00 to $53.00 in a research note to investors on Wednesday, May 1st. They now have an “outperform” rating on the stock.
One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $50.38.
Shares of Plum Creek Timber (NYSE: PCL) opened at 45.23 on Thursday. Plum Creek Timber has a 52 week low of $37.62 and a 52 week high of $54.62. The stock’s 50-day moving average is currently $50.15. The company has a market cap of $7.365 billion and a P/E ratio of 31.85.
Plum Creek Timber (NYSE: PCL) last announced its earnings results on Monday, April 29th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. The company had revenue of $340.00 million for the quarter, compared to the consensus estimate of $335.33 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. Plum Creek Timber has set its Q2 guidance at $0.20-0.25 EPS and its FY13 guidance at $1.25-1.50 EPS. Analysts expect that Plum Creek Timber will post $1.38 EPS for the current fiscal year.
Plum Creek Timber Company, Inc. (NYSE: PCL) is a private timberland owner in the United States.
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