Plum Creek Timber Company Rating Reiterated by BMO Capital Markets (PCL)
Plum Creek Timber Company (NYSE:PCL)‘s stock had its “buy” rating reiterated by investment analysts at BMO Capital Markets in a note issued to investors on Tuesday, American Banking News.com reports. They currently have a $55.00 price target on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 18.61% from the stock’s previous close.
Shares of Plum Creek Timber Company (NYSE:PCL) traded down 6.57% on Tuesday, hitting $46.37. The stock had a trading volume of 2,358,094 shares. Plum Creek Timber Company has a 52 week low of $40.51 and a 52 week high of $54.62. The stock has a 50-day moving average of $46.0 and a 200-day moving average of $48.85. The company has a market cap of $7.558 billion and a price-to-earnings ratio of 33.78.
Plum Creek Timber Company (NYSE:PCL) last released its earnings data on Monday, October 28th. The company reported $0.46 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.42 by $0.04. The company had revenue of $366.00 million for the quarter, compared to the consensus estimate of $359.38 million. The company’s quarterly revenue was up 3.4% on a year-over-year basis. On average, analysts predict that Plum Creek Timber Company will post $1.37 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on PCL. Analysts at DA Davidson raised their price target on shares of Plum Creek Timber Company from $48.00 to $50.00 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Separately, analysts at Raymond James cut their price target on shares of Plum Creek Timber Company from $53.00 to $52.00 in a research note to investors on Tuesday, October 8th. They now have an “outperform” rating on the stock. Finally, 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. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Plum Creek Timber Company currently has an average rating of “Buy” and an average price target of $49.78.
Plum Creek Timber Company, Inc (NYSE:PCL) is a private timberland owner in the United States.
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