BMO Capital Markets restated their buy rating on shares of Plum Creek Timber Company (NYSE:PCL) in a research note issued to investors on Tuesday, American Banking News.com reports. The firm currently has a $55.00 price target on the stock.
Shares of Plum Creek Timber Company (NYSE:PCL) traded down 0.13% during mid-day trading on Tuesday, hitting $45.34. 1,173,162 shares of the company’s stock traded hands. Plum Creek Timber Company has a 52-week low of $40.51 and a 52-week high of $54.62. The stock’s 50-day moving average is $47.41 and its 200-day moving average is $48.20. The company has a market cap of $7.390 billion and a P/E ratio of 30.91.
Plum Creek Timber Company (NYSE:PCL) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.42 by $0.04. The company had revenue of $366.00 million for the quarter, compared to the consensus estimate of $359.38 million. The company’s quarterly revenue was up 3.4% on a year-over-year basis. On average, analysts predict that Plum Creek Timber Company will post $1.37 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at DA Davidson raised their price target on shares of Plum Creek Timber Company from $48.00 to $50.00 in a research note to investors on Tuesday. They now have a neutral rating on the stock. Separately, analysts at Raymond James cut their price target on shares of Plum Creek Timber Company from $53.00 to $52.00 in a research note to investors on Tuesday, October 8th. They now have an outperform rating on the stock. Finally, analysts at Zacks reiterated a neutral rating on shares of Plum Creek Timber Company in a research note to investors on Thursday, August 22nd. They now have a $47.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $49.78.
Plum Creek Timber Company, Inc (NYSE:PCL) is a private timberland owner in the United States.
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