BMO Capital Remains a Hold on Rayonier (RYN)

In a report released today, Mark Wilde from BMO Capital maintained a Hold rating on Rayonier (RYNResearch Report), with a price target of $36.00. The company’s shares closed last Friday at $36.47.

According to TipRanks, Wilde is a 5-star analyst with an average return of 11.7% and a 58.58% success rate. Wilde covers the Basic Materials sector, focusing on stocks such as Glatfelter, Graphic Packaging, and Sonoco Products.

Rayonier has an analyst consensus of Hold, with a price target consensus of $39.00, a 6.94% upside from current levels. In a report released on August 4, RBC Capital also maintained a Hold rating on the stock with a $39.00 price target.

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The company has a one-year high of $45.87 and a one-year low of $34.07. Currently, Rayonier has an average volume of 608.4K.

Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RYN in relation to earlier this year.

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 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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