BMO Capital Believes RYN Won’t Stop Here

By Austin Angelo

BMO Capital analyst Mark Wilde reiterated a Buy rating on Rayonier (NYSE: RYN) yesterday and set a price target of $31. The company’s shares closed yesterday at $28.86, close to its 52-week high of $29.88.

According to, Wilde is a 5-star analyst with an average return of 11.9% and a 74.2% success rate. Wilde covers the Consumer Goods sector, focusing on stocks such as Multi Packaging Solutions, International Paper Co, and Graphic Packaging.

Rayonier has an analyst consensus of Moderate Buy, with a price target consensus of $25.33.

Rayonier’s market cap is currently $3.55B and has a P/E ratio of 16.78. The company has a book value ratio of 2.5127.

Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, Douglas Long, the VP, US Operations of RYN sold 2,305 shares for a total of $68,021.

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Rayonier, Inc. is a real estate investment trust, which engages in investment in timberlands. It operates through the following segments: Southern Timber, Pacific Northwest Timber, New Zealand Timber, Real Estate, and Trading. The Southern Timber segment manages plantations of predominantly loblolly and slash pine in Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, Oklahoma, Tennessee and Texas. The Pacific Northwest Timber segment consists of timberlands primarily comprises second and third rotation western hemlock and Douglas-fir, as well as a small amount of other softwood species, such as western red cedar in Oregon and Washington. The New Zealand Timber segment operates through the Matariki Forest Group. The Real Estate segment reflects all U.S. land sales, which are reported in five sales categories: improved development, unimproved development, rural, non-strategic and timberlands, and large dispositions. The Trading segment, through the New Zealand JV, comprises of log trading activities in New Zealand and Australia. The company was founded in 1926 and is headquartered in Jacksonville, FL.