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Shares of Plum Creek Timber Co. (NYSE:PCL) reached a new 52-week low during mid-day trading on Friday , Stock Ratings News reports. The stock traded as low as $40.24 and last traded at $40.42, with a volume of 633,738 shares changing hands. The stock had previously closed at $40.52.

A number of research firms have recently commented on PCL. Analysts at RBC Capital raised their price target on shares of Plum Creek Timber Co. from $47.00 to $53.00 in a research note on Monday. Separately, 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. Finally, analysts at Vertical Research upgraded shares of Plum Creek Timber Co. to a “hold” rating in a research note on Tuesday, August 5th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $51.20.

The stock’s 50-day moving average is $43.22 and its 200-day moving average is $43.08. The company has a market cap of $7.147 billion and a P/E ratio of 35.45.

Plum Creek Timber Co. (NYSE:PCL) last released its earnings data on Monday, July 28th. The company reported $0.31 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 17.5% on a year-over-year basis. On average, analysts predict that Plum Creek Timber Co. will post $1.15 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, August 29th. Investors 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 4.34%. The ex-dividend date is Wednesday, August 13th.

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

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