Potlatch Corp was Downgraded to a Hold Rating at Raymond James

By Austin Angelo

Raymond James analyst Collin Mings downgraded Potlatch Corp (NASDAQ: PCH) to Hold today. The company’s shares opened today at $47.60, close to its 52-week high of $48.85.

According to TipRanks.com, Mings is a 1-star analyst with an average return of -3.8% and a 45.5% success rate. Mings covers the Financial sector, focusing on stocks such as Retail Opportunity Investments, Four Corners Property Trust, and National Retail Properties.

Potlatch Corp has an analyst consensus of Hold, with a price target consensus of $43.67.

Based on Potlatch Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $150 million and quarterly net profit of $16.92 million. In comparison, last year the company earned revenue of $128 million and had a net profit of $157K.

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Potlatch 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. The Resource segment includes planting and harvesting trees; building and maintaining roads; hunting leases; recreation permits; biomass production; and carbon sequestration.