Plum Creek Timber Co. Given Buy Rating at Citigroup Inc. (PCL)
Plum Creek Timber Co. (NYSE:PCL)‘s stock had its “buy” rating reaffirmed by investment analysts at Citigroup Inc. in a note issued to investors on Tuesday. They currently have a $48.00 price target on the stock, down from their previous price target of $50.00. Citigroup Inc.’s price target would indicate a potential upside of 17.70% from the company’s current price.
Plum Creek Timber Co. (NYSE:PCL) traded down 0.69% on Tuesday, hitting $40.50. The stock had a trading volume of 675,778 shares. Plum Creek Timber Co. has a 1-year low of $40.57 and a 1-year high of $50.08. The stock has a 50-day moving average of $44.05 and a 200-day moving average of $43.24. The company has a market cap of $7.173 billion and a price-to-earnings ratio of 35.68.
Plum Creek Timber Co. (NYSE:PCL) last released its earnings data on Monday, July 28th. The company reported $0.31 earnings per share (EPS) for the quarter, meeting the 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 in the previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. Analysts expect that Plum Creek Timber Co. will post $1.15 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 29th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 4.32%.
Other equities research analysts have also recently issued reports about the stock. Analysts at Vertical Research upgraded shares of Plum Creek Timber Co. to a “hold” rating in a research note on Tuesday. Separately, analysts at RBC Capital reiterated a “sector perform” rating on shares of Plum Creek Timber Co. in a research note on Tuesday, July 29th. They now have a $46.00 price target on the stock, down previously from $47.00. Finally, analysts at Raymond James downgraded shares of Plum Creek Timber Co. from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 29th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $48.00.
Plum Creek Timber Company, Inc (NYSE:PCL) is a private timberland owner in the United States.
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