CatchMark Timber Trust with ticker code (CTT) now have 5 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 12.25 and 11 calculating the average target price we see 11.75. Now with the previous closing price of 10.68 this is indicating there is a potential upside of 10.0%. The 50 day MA is 10.02 and the 200 day moving average is 8.82. The company has a market cap of $524m. Visit the company website at: https://www.catchmark.com
The potential market cap would be $576m based on the market concensus.
CatchMark (NYSE: CTT) seeks to deliver consistent and growing per share cash flow from disciplined acquisitions and superior management of prime timberlands located in high demand U.S. mill markets. Concentrating on maximizing cash flows throughout business cycles, the company strategically harvests its high-quality timberlands to produce durable revenue growth and takes advantage of proximate mill markets, which provide a reliable outlet for merchantable inventory. Headquartered in Atlanta and focused exclusively on timberland ownership and management, CatchMark began operations in 2007 and owns interests in 1.5 million acres* of timberlands located in Alabama, Florida, Georgia, North Carolina, Oregon, South Carolina and Texas.
