RBC Capital Sticks to Its Hold Rating for Rayonier (RYN)
RBC Capital analyst Matt McKellar maintained a Hold rating on Rayonier on October 20 and set a price target of $27.00. The company’s shares closed yesterday at $24.70.
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According to TipRanks, McKellar is a 2-star analyst with an average return of 1.6% and a 39.86% success rate. McKellar covers the Basic Materials sector, focusing on stocks such as Western Forest Prod, Interfor, and Clearwater Paper.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Rayonier with a $27.33 average price target.
Based on Rayonier’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $106.5 million and a net profit of $408.7 million. In comparison, last year the company earned a revenue of $173.61 million and had a net profit of $1.9 million
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