The stock of Potlatch Corporation (NASDAQ:PCH) hit a new 52-week high and has $66.01 target or 61.00% above today’s $41.00 share price. The 5 months bullish chart indicates low risk for the $1.67 billion company. The 1-year high was reported on Nov, 16 by Barchart.com. If the $66.01 price target is reached, the company will be worth $1.02 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 68,574 shares traded hands. Potlatch Corporation (NASDAQ:PCH) has risen 21.52% since April 14, 2016 and is uptrending. It has outperformed by 16.83% the S&P500.
Potlatch Corporation (NASDAQ:PCH) Ratings Coverage
Out of 7 analysts covering Potlatch (NASDAQ:PCH), 2 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 29% are positive. Potlatch has been the topic of 8 analyst reports since September 7, 2015 according to StockzIntelligence Inc. Zacks upgraded the stock to “Hold” rating in Monday, September 7 report. The firm earned “Outperform” rating on Friday, June 17 by RBC Capital Markets. The stock of Potlatch Corporation (NASDAQ:PCH) has “Neutral” rating given on Monday, October 17 by Buckingham Research. The firm earned “Neutral” rating on Monday, October 3 by Bank of America. The firm has “Neutral” rating by DA Davidson given on Wednesday, July 27.
According to Zacks Investment Research, “Potlatch Corp. is an integrated forest products company with substantial timber resources. It is engaged principally in the growing and harvesting of timber and the manufacture and sale of wood products, printing papers and pulp and paper products. Its timberlands and all of its manufacturing facilities are located within the continental United States.”
Insitutional Activity: The institutional sentiment decreased to 1.36 in 2016 Q2. Its down 0.09, from 1.45 in 2016Q1. The ratio dived, as 10 funds sold all Potlatch Corporation shares owned while 57 reduced positions. 23 funds bought stakes while 68 increased positions. They now own 31.73 million shares or 2.98% less from 32.71 million shares in 2016Q1.
Manufacturers Life Insur The holds 81,553 shares or 0% of its portfolio. Aqr Capital Mngmt Ltd Liability Com has 24,253 shares for 0% of their US portfolio. Tiaa Cref Invest Management Limited Liability Com last reported 126,273 shares in the company. Jpmorgan Chase & last reported 652,936 shares in the company. Pineno Levin & Ford Asset Mgmt holds 1.22% of its portfolio in Potlatch Corporation (NASDAQ:PCH) for 68,860 shares. Citigroup owns 45,923 shares or 0% of their US portfolio. Richard Bernstein Advisors Ltd last reported 0.27% of its portfolio in the stock. The Japan-based Shinko Asset Management has invested 0% in Potlatch Corporation (NASDAQ:PCH). The Pennsylvania-based Pnc Finance Services Grp Incorporated has invested 0% in Potlatch Corporation (NASDAQ:PCH). Amica Retiree Medical Tru holds 0.22% of its portfolio in Potlatch Corporation (NASDAQ:PCH) for 7,645 shares. Engines Advsr Limited Company has 0.04% invested in the company for 1,511 shares. Davidson Inv owns 148,118 shares or 0.85% of their US portfolio. Perkins Coie has 0.01% invested in the company for 605 shares. The Ohio-based Keybank Natl Association Oh has invested 0% in Potlatch Corporation (NASDAQ:PCH). California State Teachers Retirement System has 85,225 shares for 0.01% of their US portfolio.
More important recent Potlatch Corporation (NASDAQ:PCH) news were published by: Nasdaq.com which released: “Earnings Reaction History: Potlatch Corporation, 50.0% Follow-Through …” on October 21, 2016, also Reuters.com published article titled: “BRIEF-Potlatch Corporation reports Q3 earnings per share $0.68”, Seekingalpha.com published: “Potlatch Corporation’s (PCH) CEO Michael Covey on Q3 2016 Results – Earnings …” on October 21, 2016. More interesting news about Potlatch Corporation (NASDAQ:PCH) was released by: Globenewswire.com and their article: “Potlatch Corporation Reports First Quarter 2016 Results and Announces 172000 …” with publication date: April 26, 2016.
PCH Company Profile
Potlatch Corporation, incorporated on September 9, 2005, is a real estate investment trust (REIT). The Firm operates through three divisions: Resource, Wood Products and Real Estate. The Firm owns approximately 1.6 million acres of timberlands in Alabama, Arkansas, Idaho, Minnesota and Mississippi. The Company, through its subsidiaries, Potlatch TRS, operates real estate sales business and approximately five wood products manufacturing facilities that produce lumber and plywood.
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