Potlatch Corp. Downgraded to “Neutral” at Zacks (PCH)
Potlatch Corp. (NYSE:PCH) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued to investors on Tuesday, AR Network reports. They currently have a $47.90 target price on the stock. Zacks‘ price target indicates a potential upside of 17.72% from the stock’s previous close.
Potlatch Corp. (NYSE:PCH) traded up 0.29% during mid-day trading on Tuesday, hitting $40.81. 122,644 shares of the company’s stock traded hands. Potlatch Corp. has a one year low of $37.59 and a one year high of $51.48. The stock has a 50-day moving average of $41.00 and a 200-day moving average of $40.83. The company has a market cap of $1.654 billion and a P/E ratio of 23.39.
Potlatch Corp. (NYSE:PCH) last posted its quarterly earnings results on Monday, January 27th. The company reported $0.34 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.35 by $0.01. The company had revenue of $140.00 million for the quarter, compared to the consensus estimate of $140.68 million. During the same quarter in the prior year, the company posted $0.34 earnings per share. The company’s quarterly revenue was down 2.3% on a year-over-year basis. On average, analysts predict that Potlatch Corp. will post $1.74 earnings per share for the current fiscal year.
Potlatch Corporation is a real estate investment trust. Through the Company’s wholly owned subsidiaries, it operates real estate sales and development business, and five wood products manufacturing facilities that produce lumber and plywood.
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