Rayonier (RYN) stock is expected to deviate a maximum of $4.04 from the average target price of $25.6 for the short term period. 5 Street Experts have initiated coverage on the stock with the most promising target being $30 and the most muted being $21.
Rayonier (RYN) has an average broker rating of 2.17, which is interpreted as a Buy, as rated by 6 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy. 1 considers that the stock is a Sell.
Rayonier (NYSE:RYN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.45 and $27.36 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $27.72. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.64, notching a gain of 0.40% for the day. The total traded volume was 293,455 . The stock had closed at $27.53 on the previous day.
Rayonier Inc. (Rayonier) is a timberland real estate investment trust (REIT). As of December 31, 2014, the Company owned, leased or managed 2.7 million acres of timberlands located in the United States South (1.9 million acres), United States Pacific Northwest (372,000 acres) and New Zealand (451,000 gross acres, or 309,000 net plantable acres). In addition, the Company is engaged in the trading of logs from New Zealand and Australia to Pacific Rim markets, primarily to support New Zealand export operations. The Company operates through five segments: Southern Timber, Pacific Northwest Timber, New Zealand Timber, Real Estate and Trading. The Companys Timber segments own or lease approximately 2.7 million acres of timberlands located in the United States and New Zealand. The Companys Real Estate segments holdings are primarily in the southeastern United States. The Companys Trading segment consists of log trading activities in New Zealand and Australia.