CatchMark Timber Trust with ticker code (CTT) now have 5 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 10.75 and 8 with the average target price sitting at 9.05. Given that the stocks previous close was at 8.05 this now indicates there is a potential upside of 12.4%. The 50 day moving average now sits at 8.24 and the 200 day moving average is 10.34. The market cap for the company is $389m. Visit the company website at: https://www.catchmark.com
The potential market cap would be $438m 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.
