Exclusive: Time to Reconsider Potlatch Corporation After Achieving 52-Week High?

Exclusive: Time to Reconsider Potlatch Corporation After Achieving 52 Week High?

The stock of Potlatch Corporation (NASDAQ:PCH) hit a new 52-week high and has $66.25 target or 53.00% above today’s $43.30 share price. The 5 months bullish chart indicates low risk for the $1.80B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $66.25 price target is reached, the company will be worth $954.00M 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 89,635 shares traded hands. Potlatch Corporation (NASDAQ:PCH) has risen 24.89% since April 19, 2016 and is uptrending. It has outperformed by 21.03% the S&P500.

Potlatch Corporation (NASDAQ:PCH) Ratings Coverage

Out of 8 analysts covering Potlatch (NASDAQ:PCH), 2 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 25% are positive. Potlatch has been the topic of 9 analyst reports since September 7, 2015 according to StockzIntelligence Inc. The rating was downgraded by Vertical Research on Wednesday, November 16 to “Hold”. The rating was maintained by RBC Capital Markets on Friday, June 17 with “Outperform”. The stock has “Neutral” rating given by DA Davidson on Wednesday, July 27. As per Monday, October 17, the company rating was downgraded by Buckingham Research. The stock of Potlatch Corporation (NASDAQ:PCH) has “Hold” rating given on Monday, September 7 by Zacks. The stock of Potlatch Corporation (NASDAQ:PCH) has “Neutral” rating given on Monday, October 3 by Bank of America.

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 1.11 in Q2 2016. Its down 0.25, from 1.36 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.
Denver Invest Advsrs Ltd Liability Corporation owns 512,046 shares or 0.79% of their US portfolio. The Massachusetts-based Liberty Mutual Group Asset Management has invested 0.02% in Potlatch Corporation (NASDAQ:PCH). Teacher Retirement System Of Texas holds 5,682 shares or 0% of its portfolio. Financial Engines Advisors Ltd holds 1,511 shares or 0.04% of its portfolio. Barnett & Inc has 0.2% invested in the company for 10,400 shares. Ladenburg Thalmann Financial Service holds 0% or 5,319 shares in its portfolio. Goldman Sachs Group has invested 0% of its portfolio in Potlatch Corporation (NASDAQ:PCH). Cornerstone Capital Management Ltd accumulated 0% or 17,100 shares. Teachers & Annuity Association Of America has 40,691 shares for 0.06% of their US portfolio. Moreover, Mutual Of America Management Ltd has 0.02% invested in Potlatch Corporation (NASDAQ:PCH) for 29,330 shares. Barclays Public Ltd Com, a United Kingdom-based fund reported 28,716 shares. Ny State Teachers Retirement Sys has 99,691 shares for 0.01% of their US portfolio. Blackrock Group Incorporated holds 101,525 shares or 0% of its portfolio. Wells Fargo Mn holds 403,022 shares or 0.01% of its portfolio. Price T Rowe Assoc Inc Md reported 1.36M shares or 0.01% of all its holdings.

More recent Potlatch Corporation (NASDAQ:PCH) news were published by: Marketwatch.com which released: “Potlach stock price target raised to $45 from $42 at RBC Capital” on April 18, 2011. Also Quotes.Wsj.com published the news titled: “News Potlatch Corp.PCH” on February 13, 2011. Nasdaq.com‘s news article titled: “Earnings Reaction History: Potlatch Corporation, 50.0% Follow-Through …” with publication date: October 21, 2016 was also an interesting one.

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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