BMO Capital Gives a Buy Rating to Rayonier

By Carrie Williams

BMO Capital analyst Mark Wilde reiterated a Buy rating on Rayonier (NYSE: RYN) today and set a price target of $31. The company’s shares opened today at $28.62.

According to, Wilde is a 5-star analyst with an average return of 12.3% and a 76.7% 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 $29.33.

Based on Rayonier’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $235 million and quarterly net profit of $48.3 million. In comparison, last year the company earned revenue of $140 million and had a net profit of $14.47 million.

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is neutral on the stock. Last 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.