CatchMark Timber Trust with ticker code (CTT) have now 5 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The range between the high target price and low target price is between 12.25 and 11 with a mean TP of 11.75. With the stocks previous close at 11.24 this indicates there is a potential upside of 4.5%. The 50 day MA is 10.33 while the 200 day moving average is 8.8. The market cap for the company is $558m. Find out more information at: https://www.catchmark.com
The potential market cap would be $583m 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.
