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Plum Creek Timber Company (NYSE:PCL)‘s stock had its “buy” rating reiterated by equities research analysts at Citigroup Inc. in a research note issued to investors on Tuesday, AnalystRatings.NET reports. They currently have a $50.00 price objective on the stock. Citigroup Inc.’s price target suggests a potential upside of 16.14% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital initiated coverage on shares of Plum Creek Timber Company in a research note on Wednesday, April 16th. They set an “outperform” rating and a $47.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Plum Creek Timber Company from a “neutral” rating to an “underperform” rating in a research note on Friday, February 14th. They now have a $39.00 price target on the stock. Finally, 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. Two analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. Plum Creek Timber Company has a consensus rating of “Hold” and an average price target of $48.90.

Shares of Plum Creek Timber Company (NYSE:PCL) traded up 2.09% on Tuesday, hitting $43.95. 487,085 shares of the company’s stock traded hands. Plum Creek Timber Company has a 1-year low of $40.57 and a 1-year high of $54.62. The stock has a 50-day moving average of $41.95 and a 200-day moving average of $43.96. The company has a market cap of $7.783 billion and a P/E ratio of 33.12.

Plum Creek Timber Company (NYSE:PCL) last released its earnings data on Monday, April 28th. The company reported $0.17 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.15 by $0.02. The company had revenue of $317.00 million for the quarter, compared to the consensus estimate of $314.01 million. During the same quarter last year, the company posted $0.35 earnings per share. Plum Creek Timber Company’s revenue was down 6.8% compared to the same quarter last year. On average, analysts predict that Plum Creek Timber Company will post $1.40 earnings per share for the current fiscal year.

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

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