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Plum Creek Timber Company (NYSE:PCL) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued on Friday, American Banking and Market News reports. They currently have a $39.00 price target on the stock. Zacks‘ price objective would suggest a potential downside of 9.22% from the stock’s previous close.

Shares of Plum Creek Timber Company (NYSE:PCL) traded up 1.06% on Friday, hitting $42.96. 565,086 shares of the company’s stock traded hands. Plum Creek Timber Company has a 52-week low of $41.63 and a 52-week high of $54.62. The stock’s 50-day moving average is $43.88 and its 200-day moving average is $45.4. The company has a market cap of $7.604 billion and a P/E ratio of 32.70.

Plum Creek Timber Company (NYSE:PCL) last issued its quarterly earnings data on Monday, January 27th. The company reported $0.31 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.29 by $0.02. The company had revenue of $331.00 billion for the quarter, compared to the consensus estimate of $326.24 million. During the same quarter last year, the company posted $0.38 earnings per share. Plum Creek Timber Company’s revenue was down 6.5% compared to the same quarter last year. Analysts expect that Plum Creek Timber Company will post $1.40 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date of this dividend is Wednesday, February 12th.

Several other analysts have also recently commented on the stock. Analysts at TheStreet downgraded shares of Plum Creek Timber Company from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Separately, analysts at DA Davidson upgraded shares of Plum Creek Timber Company from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 28th. They now have a $50.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at UBS AG cut their price target on shares of Plum Creek Timber Company from $37.00 to $36.00 in a research note on Tuesday, January 28th. They now have a “sell” rating on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $49.00.

In other Plum Creek Timber Company news, SVP James Kilberg sold 5,500 shares of Plum Creek Timber Company stock on the open market in a transaction dated Monday, February 10th. The stock was sold at an average price of $42.60, for a total transaction of $234,300.00. Following the sale, the senior vice president now directly owns 41,482 shares of the company’s stock, valued at approximately $1,767,133. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Plum Creek Timber Company, Inc (NYSE:PCL) is a private timberland owner in the United States.

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