Truist Financial Remains a Hold on PotlatchDeltic (PCH)

Truist Financial analyst Michael Roxland maintained a Hold rating on PotlatchDeltic (PCH – Research Report) today. The company’s shares closed last Friday at $42.00.

Roxland covers the Consumer Cyclical sector, focusing on stocks such as International Paper Co, O-I Glass, and Avery Dennison. According to TipRanks, Roxland has an average return of 6.2% and a 62.39% success rate on recommended stocks.

Currently, the analyst consensus on PotlatchDeltic is a Moderate Buy with an average price target of $35.97, a -14.36% downside from current levels. In a report released on May 1, Bank of America Securities also maintained a Hold rating on the stock with a $5.90 price target.

PCH market cap is currently $3.34B and has a P/E ratio of 74.17.

Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PCH in relation to earlier this year.

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PotlatchDeltic (PCH) Company Description:

PotlatchDeltic Corp. operates as a real estate investment trust. The firm engages in the ownership and management of acres of timberlands. It operates through the following segments: Resource, Wood Products and Real Estate. The Resource segment includes planting and harvesting trees, building and maintaining roads, hunting leases, recreation permits, biomass production and carbon sequestration. The Wood Products segment produces and trades lumber, plywood and residuals. The Real Estate segment markets and sells land holdings. The company was founded in 1903 and is headquartered in Spokane, WA.