Lumber futures reach over two-and-a-half-year high following Trump’s investigation By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Source: Investing.com
Lumber Futures Surge: Lumber futures have reached a two-and-a-half-year high following President Trump's directive to investigate Canadian lumber imports and boost U.S. timber production, resulting in a 3.5% increase to $657.
Impact on Canadian Companies: Canadian lumber companies' shares fell significantly, with Interfor Corp down 9%, Canfor Corporation down 6%, and West Fraser Timber down 3.5%, while U.S. companies like Weyerhaeuser and PotlatchDeltic saw gains.
Analyst Views on PCH
Wall Street analysts forecast PCH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PCH is 45.00 USD with a low forecast of 40.00 USD and a high forecast of 51.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
2 Buy
4 Hold
1 Sell
Hold
Current: 44.170
Low
40.00
Averages
45.00
High
51.00
Current: 44.170
Low
40.00
Averages
45.00
High
51.00
About PCH
PotlatchDeltic Corporation is a real estate investment trust (REIT) with operations in approximately nine states. The Company operates in three segments: Timberlands, Wood Products, and Real Estate. The Timberlands segment supplies its Wood Products segment with a portion of its wood fiber needs. The Wood Products segment manufactures and markets lumber and plywood and residual products at seven mills located in Arkansas, Idaho, Michigan and Minnesota. The segment's products are largely commodity products, which are sold to end users, retailers or wholesalers for nationwide distribution primarily for use in home building, repair and remodeling, industrial products, and other construction activities. The Real Estate segment consists primarily of the sale of rural land and real estate development and subdivision activity. The Real Estate segment also engages in real estate development and sales, and at times sells undeveloped acreage, through its PotlatchDeltic TRS.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
