Potlatch Corp. (PCH) Receives $40.00 Average Target Price from Analysts
Potlatch Corp. (NASDAQ:PCH) has been assigned an average rating of “Hold” from the eight brokerages that are presently covering the stock. Six investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $40.00.
Several research analysts have weighed in on PCH shares. Bank of America Corp. raised Potlatch Corp. from an “underperform” rating to a “neutral” rating in a research report on Monday, October 3rd. TheStreet lowered Potlatch Corp. from a “buy” rating to a “hold” rating in a research report on Friday, August 26th. Zacks Investment Research lowered Potlatch Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, October 4th. BMO Capital Markets started coverage on Potlatch Corp. in a research report on Thursday, October 13th. They issued a “market perform” rating and a $36.00 target price on the stock. Finally, Buckingham Research lowered Potlatch Corp. from a “buy” rating to a “neutral” rating and set a $42.00 target price on the stock. in a research report on Monday, October 17th.
Potlatch Corp. (NASDAQ:PCH) opened at 39.95 on Tuesday. Potlatch Corp. has a 12 month low of $24.01 and a 12 month high of $40.55. The firm has a 50 day moving average price of $0.00 and a 200-day moving average price of $0.00.
Potlatch Corp. (NASDAQ:PCH) last issued its earnings results on Friday, October 21st. The real estate investment trust reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.03. Potlatch Corp. had a return on equity of 21.33% and a net margin of 0.02%. The company had revenue of $174 million for the quarter, compared to analyst estimates of $180.07 million. During the same period in the prior year, the firm posted $0.53 EPS. The business’s revenue was down .9% compared to the same quarter last year. Equities research analysts predict that Potlatch Corp. will post $1.11 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the stock. Piermont Capital Management Inc. acquired a new stake in Potlatch Corp. during the third quarter worth about $808,000. Morgan Stanley raised its stake in Potlatch Corp. by 6.4% in the third quarter. Morgan Stanley now owns 69,138 shares of the real estate investment trust’s stock worth $2,689,000 after buying an additional 4,161 shares during the period. Capital Growth Management LP acquired a new stake in Potlatch Corp. during the third quarter worth about $1,556,000. Principal Financial Group Inc. raised its stake in Potlatch Corp. by 7.6% in the third quarter. Principal Financial Group Inc. now owns 157,563 shares of the real estate investment trust’s stock worth $6,128,000 after buying an additional 11,111 shares during the period. Finally, California State Teachers Retirement System raised its stake in Potlatch Corp. by 0.9% in the third quarter. California State Teachers Retirement System now owns 86,025 shares of the real estate investment trust’s stock worth $3,346,000 after buying an additional 800 shares during the period. 82.98% of the stock is currently owned by hedge funds and other institutional investors.
Potlatch Corp. Company Profile
Potlatch Corporation is a real estate investment trust (REIT). The Company operates through three segments: Resource, Wood Products and Real Estate. The Resource segment management activities include planting and harvesting trees, and building and maintaining roads. Its activities also include hunting leases, recreation permits and leases, mineral rights leases, biomass production and carbon sequestration.
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