Plum Creek Timber Co. Given Average Rating of “Hold” by Analysts (NYSE:PCL)
Plum Creek Timber Co. (NYSE:PCL) has earned an average rating of “Hold” from the ten brokerages that are presently covering the stock, AnalystRatings.NET reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $48.83.
PCL has been the subject of a number of recent research reports. Analysts at Zacks reiterated an “underperform” rating on shares of Plum Creek Timber Co. in a research note on Monday. They now have a $37.00 price target on the stock. Separately, 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. Finally, 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.
Shares of Plum Creek Timber Co. (NYSE:PCL) traded down 0.51% during mid-day trading on Thursday, hitting $40.78. 98,508 shares of the company’s stock traded hands. Plum Creek Timber Co. has a 52 week low of $40.24 and a 52 week high of $50.08. The stock has a 50-day moving average of $42.33 and a 200-day moving average of $42.96. The company has a market cap of $7.223 billion and a price-to-earnings ratio of 35.86.
Plum Creek Timber Co. (NYSE:PCL) last announced its earnings results 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. 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. Stockholders 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 4.29%. 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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