In a report issued on December 22, Paul Quinn from RBC Capital maintained a Buy rating on CatchMark Timber (CTT), with a price target of $11.00. The company’s shares closed last Wednesday at $9.15.
According to TipRanks.com, Quinn is a 5-star analyst with an average return of 21.2% and a 71.0% success rate. Quinn covers the Basic Materials sector, focusing on stocks such as Rayonier Advanced Materials, International Paper Co, and West Fraser Timber Co.
CatchMark Timber has an analyst consensus of Moderate Buy, with a price target consensus of $11.00.
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The company has a one-year high of $11.60 and a one-year low of $5.13. Currently, CatchMark Timber has an average volume of 268.8K.
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CatchMark Timber Trust, Inc. engages in the ownership, management, acquisition, and disposition of timberlands. It operates through the following business segments: Harvest, Real Estate and Investment Management. The Harvest segment includes wholly-owned timber assets and associated timber sales, other revenues and related expenses. The Real Estate segment includes timberland sales, cost of timberland sales and large dispositions. The Investment Management segment includes investments in and income/loss from unconsolidated joint ventures and asset management fee revenues earned for management of these joint ventures. The company was founded on September 27, 2005 and is headquartered in Atlanta, GA.
