Plum Creek Timber Co. Given New $53.00 Price Target at RBC Capital (PCL)
Analysts at RBC Capital lifted their price target on shares of Plum Creek Timber Co. (NYSE:PCL) from $47.00 to $53.00 in a research report issued to clients and investors on Monday. RBC Capital’s price target points to a potential upside of 29.49% from the company’s current price.
Shares of Plum Creek Timber Co. (NYSE:PCL) traded up 0.54% during mid-day trading on Monday, hitting $41.15. 154,003 shares of the company’s stock traded hands. Plum Creek Timber Co. has a 1-year low of $40.29 and a 1-year high of $50.08. The stock has a 50-day moving average of $43.66 and a 200-day moving average of $43.16. The company has a market cap of $7.289 billion and a P/E ratio of 35.81.
Plum Creek Timber Co. (NYSE:PCL) last announced its earnings results 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 declared a quarterly dividend, which is scheduled for Friday, August 29th. Investors of record on Friday, August 15th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date is Wednesday, August 13th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Plum Creek Timber Co. in a research note on Tuesday, August 5th. They now have a $48.00 price target on the stock, down previously from $50.00. Separately, analysts at Vertical Research upgraded shares of Plum Creek Timber Co. to a “hold” rating in a research note on Tuesday, August 5th. 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. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Plum Creek Timber Co. currently has an average rating of “Hold” and an average price target of $51.20.
Plum Creek Timber Company, Inc (NYSE:PCL) is a private timberland owner in the United States.
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