CatchMark Timber Trust found using ticker (CTT) have now 5 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 12.25 and 11 with the average target price sitting at 11.75. With the stocks previous close at 10.78 this now indicates there is a potential upside of 9.0%. The 50 day moving average now sits at 10.67 and the 200 day moving average is 9.05. The market capitalisation for the company is $518m. Company Website: https://www.catchmark.com
The potential market cap would be $564m 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.
