Zacks Investment Research downgraded Potlatch Corporation (NASDAQ:PCH) to Hold in a report released today.
- Updated: October 3, 2016
Zacks Investment Research has downgraded Potlatch Corporation (NASDAQ:PCH) to Hold in a report released on Tuesday October 04, 2016.
Yesterday Potlatch Corporation (NASDAQ:PCH) traded -0.80% lower at $38.89. The company’s 50-day moving average is $38.11 and its 200-day moving average is $35.24. The last closing price is up 9.49% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 74,161 shares of the stock were exchanged, down from an average trading volume of 205,955
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Potlatch Corporation has a 52 week low of $24.01 and a 52 week high of $39.91 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 6 brokers have issued a report on the stock. The consensus target price is $39.33 with 2 brokers rating the stock a strong buy, 3 brokers rating the stock a buy, 0 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Potlatch Corporation (NASDAQ:PCH)
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. Its Wood Products segment manufactures and markets lumber, plywood and residual products at approximately five mills located in Arkansas, Idaho, Michigan and Minnesota. The activities of the Real Estate segment consist of the sale of selected non-core timberland real estate, which consists of over three categories, such as higher or better use (HBU) properties, rural real estate and non-strategic. The Company, through its subsidiaries, Potlatch TRS, operates real estate sales business and approximately five wood products manufacturing facilities that produce lumber and plywood.
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