In a report released yesterday, Matt McKellar from RBC Capital maintained a Hold rating on Rayonier (RYN – Research Report), with a price target of $34.00. The company’s shares closed yesterday at $32.08.
According to TipRanks, McKellar is a 4-star analyst with an average return of 10.1% and a 73.91% success rate. McKellar covers the Consumer Cyclical sector, focusing on stocks such as International Paper Co, WestRock, and Cascades.
Rayonier has an analyst consensus of Hold, with a price target consensus of $33.25, implying a 3.65% upside from current levels. In a report released on January 4, Truist Financial also maintained a Hold rating on the stock with a $34.00 price target.
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The company has a one-year high of $36.22 and a one-year low of $24.48. Currently, Rayonier has an average volume of 558.9K.
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Rayonier (RYN) Company Description:
Rayonier, Inc. is a real estate investment trust, which engages in investment in timberlands. It operates through the following business segments: Southern Timber, Pacific Northwest Timber, New Zealand Timber, Real Estate, and Trading. The Southern Timber, Pacific Northwest Timber and New Zealand Timber segments reflect all activities related to the harvesting of timber and other value-added activities, such as recreational licenses, within each respective geography. The Real Estate segment reflects all U.S. land sales, which are reported in the following sales categories: Improved Development, Unimproved Development, Rural, Non-Strategic and Timberlands, and Large Dispositions. The Trading segment reflects the log trading activities that support New Zealand operations. The company was founded in 1926 and is headquartered in Wildlight, FL.
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