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Plum Creek Timber Company (NYSE:PCL) was downgraded by equities research analysts at Raymond James from an “outperform” rating to a “market perform” rating in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports.

Plum Creek Timber Company (NYSE:PCL) traded down 3.46% during mid-day trading on Tuesday, hitting $42.39. 942,107 shares of the company’s stock traded hands. Plum Creek Timber Company has a 52 week low of $40.57 and a 52 week high of $50.08. The stock’s 50-day moving average is $44.4 and its 200-day moving average is $43.3. The company has a market cap of $7.507 billion and a P/E ratio of 39.45.

Plum Creek Timber Company (NYSE:PCL) last issued its quarterly earnings data on Monday, July 28th. The company reported $0.31 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.31. The company had revenue of $356.00 million for the quarter, compared to the consensus estimate of $355.08 million. During the same quarter last year, the company posted $0.28 earnings per share. Plum Creek Timber Company’s revenue was up 17.5% compared to the same quarter last year. Analysts expect that Plum Creek Timber Company will post $1.39 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at RBC Capital downgraded shares of Plum Creek Timber Company from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, July 9th. They now have a $47.00 price target on the stock. They noted that the move was a valuation call. Analysts at Zacks reiterated an “underperform” rating on shares of Plum Creek Timber Company in a research note on Friday, May 16th. They now have a $39.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $48.33.

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

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