Potlatch Corp Receives a New Rating from a Top Analyst


RBC Capital analyst Paul Quinn upgraded Potlatch Corp (NASDAQ: PCH) to Buy today. The company’s shares closed on Friday at $48.75.

According to TipRanks.com, Quinn is a top 100 analyst with an average return of 21.1% and a 75.4% success rate. Quinn covers the Consumer Goods sector, focusing on stocks such as Rayonier Advanced Materials, International Paper Co, and Clearwater Paper.

Potlatch Corp has an analyst consensus of Moderate Buy, with a price target consensus of $52.

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Based on Potlatch Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $14.6 million. In comparison, last year the company had a net profit of $16.92 million.

Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock.

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PotlatchDeltic Corp. is as a real estate investment trust, which owns and manages acres of timberlands. It operates through the following segments: Resource, Wood Products, and Real Estate.

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