Plum Creek Timber Co. Given “Underperform” Rating at Zacks (PCL)
Plum Creek Timber Co. (NYSE:PCL)‘s stock had its “underperform” rating reiterated by Zacks in a research note issued on Monday. They currently have a $37.00 price objective on the stock. Zacks‘s price objective would suggest a potential downside of 9.84% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. 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, August 11th. 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $48.83.
Plum Creek Timber Co. (NYSE:PCL) traded down 0.09% on Monday, hitting $41.005. The stock had a trading volume of 198,794 shares. Plum Creek Timber Co. has a one year low of $40.24 and a one year high of $50.08. The stock has a 50-day moving average of $42.52 and a 200-day moving average of $42.99. The company has a market cap of $7.263 billion and a price-to-earnings ratio of 35.91.
Plum Creek Timber Co. (NYSE:PCL) last posted its quarterly 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. 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 declared a quarterly dividend, which is scheduled for Friday, August 29th. Shareholders 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 4.29%. The ex-dividend date of this dividend is Wednesday, August 13th.
Plum Creek Timber Company, Inc (NYSE:PCL) is a private timberland owner in the United States.
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