Tue Sep 17 06:34:25 UTC 2024: ## PotlatchDeltic (PCH) Sees Moderate Buy Recommendation, Price Target of $47.67
**MarketBeat News** – PotlatchDeltic Co. (NASDAQ:PCH) has garnered a “Moderate Buy” recommendation from analysts, according to Marketbeat Ratings. Out of four analysts covering the company, two recommend a “Hold” and two suggest a “Buy”. The average price target for the next twelve months stands at $47.67.
Recent research from various firms highlights a mixed outlook. Bank of America upgraded PCH to “Buy” with a $51.00 target, while Truist Financial lowered their target to $42.00 and maintained a “Hold”. Royal Bank of Canada raised their target to $50.00 with an “Outperform” rating.
Institutional investors have shown interest in PCH. Mackenzie Financial Corp, Franklin Resources Inc., Allspring Global Investments Holdings LLC, Arizona State Retirement System, and State of Michigan Retirement System have all increased their stakes in the company.
PCH’s stock opened at $45.46 on Thursday. The company’s debt-to-equity ratio is 0.41, current ratio is 1.29, and quick ratio is 1.00. PCH has a market cap of $3.59 billion, a PE ratio of 79.76, a price-to-earnings-growth ratio of 1,042.57, and a beta of 1.13.
In its latest earnings report, PotlatchDeltic reported $0.17 EPS, meeting analysts’ expectations. Revenue for the quarter reached $320.70 million, exceeding estimates. PCH also announced a quarterly dividend of $0.45 per share, representing an annualized dividend of $1.80 and a yield of 3.96%.
PotlatchDeltic, a leading REIT, owns over 2.2 million acres of timberlands across several states and operates sawmills, a plywood mill, a real estate development business, and a timberland sales program.
**Disclaimer:** This news article summarizes information from MarketBeat News and is for informational purposes only. It is not intended as investment advice. Investors should conduct their own research before making any investment decisions.
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