BMO Capital Markets Begins Coverage on Plum Creek Timber Co. (PCL)
Analysts at BMO Capital Markets started coverage on shares of Plum Creek Timber Co. (NYSE:PCL) in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating and a $44.00 price target on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 8.43% from the company’s current price.
A number of other firms have also 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $47.00.
Shares of Plum Creek Timber Co. (NYSE:PCL) remained flat at $40.58 during during mid-day trading trading on Wednesday. The stock had a trading volume of 666,895 shares. 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 $41.79 and its 200-day moving average is $42.90. The company has a market cap of $7.188 billion and a P/E ratio of 35.50.
Plum Creek Timber Co. (NYSE:PCL) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.31 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.28 earnings per share. Plum Creek Timber Co.’s revenue was up 17.5% compared to the same quarter last year. Analysts expect that Plum Creek Timber Co. will post $1.15 EPS 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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