Plum Creek Timber Company Price Target Cut to $52.00 by Analysts at Raymond James (PCL)
Investment analysts at Raymond James cut their target price on shares of Plum Creek Timber Company (NYSE:PCL) from $53.00 to $52.00 in a note issued to investors on Tuesday, AnalystRatingsNetwork reports. The firm currently has an “outperform” rating on the stock. Raymond James’ target price indicates a potential upside of 14.54% from the stock’s previous close.
Shares of Plum Creek Timber Company (NYSE:PCL) traded down 1.60% during mid-day trading on Tuesday, hitting $45.40. The stock had a trading volume of 862,050 shares. Plum Creek Timber Company has a one year low of $40.60 and a one year high of $54.62. The stock’s 50-day moving average is $45.83 and its 200-day moving average is $48.59. The company has a market cap of $7.400 billion and a price-to-earnings ratio of 31.41.
Plum Creek Timber Company (NYSE:PCL) last posted its quarterly earnings results on Monday, July 29th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.05. The company had revenue of $303.00 million for the quarter, compared to the consensus estimate of $303.42 million. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. Analysts expect that Plum Creek Timber Company will post $1.37 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at BMO Capital Markets upgraded shares of Plum Creek Timber Company from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, September 9th. 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 Company in a research note to investors on Thursday, August 22nd. They now have a $47.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of Plum Creek Timber Company to $37.00 in a research note to investors on Tuesday, July 30th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $49.44.
Plum Creek Timber Company, Inc (NYSE:PCL) is a private timberland owner in the United States.
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