Rayonier Gets a Hold Rating from RBC Capital

By Jason Carr

In a report released yesterday, Paul Quinn from RBC Capital reiterated a Hold rating on Rayonier (NYSE: RYN), with a price target of $30. The company’s shares opened today at $32.44, close to its 52-week high of $32.47.

According to TipRanks.com, Quinn is a top 100 analyst with an average return of 23.4% and a 79.6% success rate. Quinn covers the Consumer Goods sector, focusing on stocks such as Rayonier Advanced Materials, Mercer International Inc, and International Paper Co.

Rayonier has an analyst consensus of Hold, with a price target consensus of $30.

Based on Rayonier’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $184 million and quarterly net profit of $24.69 million. In comparison, last year the company earned revenue of $235 million and had a net profit of $48.3 million.

Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is negative on the stock. Most recently, in November 2017, Mark Bridwell, the VP, General Counsel and CS of RYN sold 1,659 shares for a total of $51,711.

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 segments: Southern Timber, Pacific Northwest Timber, New Zealand Timber, Real Estate, and Trading.