Plum Creek Timber Co. Now Covered by JPMorgan Chase & Co. (PCL)
Equities research analysts at JPMorgan Chase & Co. started coverage on shares of Plum Creek Timber Co. (NYSE:PCL) in a research note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm set an “overweight” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets initiated coverage on shares of Plum Creek Timber Co. in a research note on Wednesday. They set a “market perform” rating and a $44.00 price target on the stock. Separately, 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. Finally, 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. 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 stock. Plum Creek Timber Co. has a consensus rating of “Hold” and a consensus price target of $46.40.
Plum Creek Timber Co. (NYSE:PCL) opened at 40.46 on Friday. 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 $41.68 and its 200-day moving average is $42.8. The company has a market cap of $7.166 billion and a P/E ratio of 35.50.
Plum Creek Timber Co. (NYSE:PCL) last issued its quarterly 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.