Rayonier (RYN) Receives a Hold from RBC Capital


RBC Capital analyst Paul Quinn maintained a Hold rating on Rayonier (RYN) today and set a price target of $25.00. The company’s shares closed last Thursday at $23.84.

According to TipRanks.com, Quinn is a 5-star analyst with an average return of 6.0% and a 60.3% success rate. Quinn covers the Consumer Goods sector, focusing on stocks such as Rayonier Advanced Materials, International Paper Co, and Mercer International.

Currently, the analyst consensus on Rayonier is a Moderate Buy with an average price target of $28.67.

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The company has a one-year high of $33.10 and a one-year low of $15.96. Currently, Rayonier has an average volume of 853.3K.

Based on the recent corporate insider activity of 76 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RYN in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Rayonier, Inc. is a real estate investment trust, which engages in investment in timberlands. It operates through the following business segments: Southern Timber, Pacific Northwest Timber, New Zealand Timber, Real Estate, and Trading. The Southern Timber, Pacific Northwest Timber and New Zealand Timber segments reflect all activities related to the harvesting of timber and other value-added activities, such as recreational licenses, within each respective geography. The Real Estate segment reflects all U.S. land sales, which are reported in the following sales categories: Improved Development, Unimproved Development, Rural, Non-Strategic and Timberlands, and Large Dispositions. The Trading segment reflects the log trading activities that support New Zealand operations. The company was founded in 1926 and is headquartered in Wildlight, FL.

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