CatchMark Timber Trust found using ticker (CTT) have now 5 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 10 and 8 and has a mean target at 9.1. Given that the stocks previous close was at 7.88 this now indicates there is a potential upside of 15.5%. The day 50 moving average is 8.22 and the 200 day MA is 9.11. The company has a market capitalisation of $398m. Company Website: https://www.catchmark.com
The potential market cap would be $459m 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.
