RYN Similar Chart Price Prediction
The price of RYN is predicted to go up 16.24%, based on the high correlation periods with CNOB. The similarity of these two price pattern on the periods is 98.26%.
RYN
CNOB
Up: 16.24%Similarity: 98.26%
RYN Revenue Forecast
RYN EPS Forecast
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RYN VS S&P500
The vast majority of Rayonier's timberland is located in the southeastern US This is the most popular region for sawmill capacity increases and will provide a strong avenue for timber volume and price growth.
The New Zealand business reduces Rayonier's reliance on North American construction markets and will enable the firm to capitalize on rising wood demand in Asia.
Rayonier's timberland is set to become increasingly valuable as alternative uses for its land in the US become more popular.
RYN Analyst's Forecast
Michael Roxland
Truist Securities
Hold
Price Target
$32 → $30
Upside
+13.55%
Truist lowered the firm's price target on Rayonier to $30 from $32 and keeps a Hold rating on the shares as part of a broader research note previewing 2025 for the Packaging/Paper sector. The earlier part of the year will begin where 2024 ended, with packaging volumes in aggregate being somewhat challenged due to modest promotional activity, and while there has been increasing discussion amongst leading consumer packaged goods names regarding promotional activity, this has yet to result in notable volume growth as they remain content with margins given price increases the last few years, the analyst tells investors in a research note. The firm is also introducing initial calendar 2027 estimates and rolling forward its valuation period, which is now based on calendar 2026.
Michael Roxland
Truist Securities
Hold
Price Target
$31 → $32
Upside
+0.25%