Deltic Timber Corp. Upgraded to “Buy” by Janney Montgomery Scott (DEL)
Deltic Timber Corp. (NYSE:DEL) was upgraded by Janney Montgomery Scott from a “neutral” rating to a “buy” rating in a research note issued on Monday, AR Network reports. The firm currently has a $58.00 price target on the stock, up from their previous price target of $52.00. Janney Montgomery Scott’s price target indicates a potential downside of 10.60% from the stock’s previous close.
Shares of Deltic Timber Corp. (NYSE:DEL) traded down 0.35% on Monday, hitting $64.65. 1,909 shares of the company’s stock traded hands. Deltic Timber Corp. has a 52-week low of $57.29 and a 52-week high of $73.97. The stock has a 50-day moving average of $62.52 and a 200-day moving average of $64.16. The company has a market cap of $822.0 million and a P/E ratio of 34.86.
Deltic Timber Corp. (NYSE:DEL) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.89 earnings per share (EPS) for the quarter.
The company also recently announced a quarterly dividend, which is scheduled for Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.62%. The ex-dividend date is Wednesday, November 27th.
Deltic Timber Corporation (NYSE:DEL) is a natural resources company engaged primarily in the growing and harvesting of timber and the manufacture and marketing of lumber.
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