Potlatch Co. (PCH) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Potlatch Co. (NASDAQ:PCH) have been given a consensus recommendation of “Hold” by the nine research firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $51.60.

Several research firms have recently weighed in on PCH. BidaskClub downgraded shares of Potlatch from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd. Raymond James Financial raised shares of Potlatch from a “market perform” rating to an “outperform” rating and set a $54.00 price target for the company in a research note on Monday, January 8th. UBS Group raised shares of Potlatch from a “market perform” rating to an “outperform” rating in a research note on Monday, January 8th. Zacks Investment Research raised shares of Potlatch from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research note on Saturday, January 6th. Finally, Bank of America raised shares of Potlatch from an “underperform” rating to a “neutral” rating and set a $54.00 price target for the company in a research note on Tuesday, January 2nd.

Shares of Potlatch (PCH) traded down $0.55 during mid-day trading on Friday, reaching $48.55. 263,594 shares of the company’s stock were exchanged, compared to its average volume of 578,315. Potlatch has a 52-week low of $42.80 and a 52-week high of $56.35. The company has a debt-to-equity ratio of 2.79, a current ratio of 2.28 and a quick ratio of 1.69. The firm has a market cap of $2,030.60, a price-to-earnings ratio of 23.17, a P/E/G ratio of 3.37 and a beta of 1.39.

A number of hedge funds have recently added to or reduced their stakes in PCH. Wealthcare Advisory Partners LLC acquired a new stake in Potlatch in the 3rd quarter valued at about $142,000. Flinton Capital Management LLC boosted its stake in shares of Potlatch by 68.8% in the 2nd quarter. Flinton Capital Management LLC now owns 4,420 shares of the real estate investment trust’s stock valued at $202,000 after purchasing an additional 1,802 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Potlatch in the 3rd quarter valued at about $206,000. BlueCrest Capital Management Ltd bought a new position in shares of Potlatch in the 2nd quarter valued at about $231,000. Finally, Amalgamated Bank boosted its stake in shares of Potlatch by 4.6% in the 2nd quarter. Amalgamated Bank now owns 5,838 shares of the real estate investment trust’s stock valued at $267,000 after purchasing an additional 255 shares during the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: “Potlatch Co. (PCH) Given Consensus Recommendation of “Hold” by Brokerages” was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this report on another site, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this report can be viewed at https://www.americanbankingnews.com/2018/02/09/potlatch-co-pch-given-consensus-recommendation-of-hold-by-brokerages.html.

About Potlatch

Potlatch Corporation is a real estate investment trust (REIT), which is primarily engaged in activities associated with timberland management, including the sale of timber, management of timberlands, and purchase and sale of timberlands. The Company is also engaged in the manufacture and sale of wood products.

Analyst Recommendations for Potlatch (NASDAQ:PCH)

Receive News & Ratings for Potlatch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Potlatch and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply