Plum Creek Timber Co. Receives Average Rating of “Hold” from Brokerages (NYSE:PCL)
Shares of Plum Creek Timber Co. (NYSE:PCL) have been given an average recommendation of “Hold” by the ten brokerages that are covering the stock, Analyst Ratings.Net reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $48.83.
A number of research firms have recently commented on PCL. Analysts at Zacks reiterated an “underperform” rating on shares of Plum Creek Timber Co. in a research note on Monday, August 25th. 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.
Plum Creek Timber Co. (NYSE:PCL) opened at 40.63 on Thursday. Plum Creek Timber Co. has a 52-week low of $40.24 and a 52-week high of $50.08. The stock’s 50-day moving average is $42.06 and its 200-day moving average is $42.93. The company has a market cap of $7.197 billion and a price-to-earnings ratio of 35.61.
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.
Plum Creek Timber Company, Inc (NYSE:PCL) is a private timberland owner in the United States.
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