Rayonier Inc (NYSE:RYN) shares traded 1.14% higher at $31.82 on Wall Street last session.
RYN stock price is now 1.40% away from the 50-day moving average and 2.78% away from the 200-day moving average. The market capitalization of the company currently stands at $4.74B.
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With the price target maintained at $32, Seaport Research Partners recently Upgraded its rating from Neutral to Buy for Rayonier Inc (NYSE: RYN). On May 16, 2023, Truist recently initiated its ‘Hold’ rating on the stock quoting a target price of $33, while ‘Raymond James’ rates the stock as ‘Mkt Perform’
In other news, Martin V. Larkin, Director sold 11,998 shares of the company’s stock on Sep 12 ’24. The stock was sold for $367,859 at an average price of $30.66. Upon completion of the transaction, the Director now directly owns 28,170 shares in the company, valued at $0.9 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 11 ’24, Director Martin V. Larkin sold 10,011 shares of the business’s stock. A total of $306,036 was realized by selling the stock at an average price of $30.57. This leaves the insider owning 40,168 shares of the company worth $1.28 million. A total of 0.92% of the company’s stock is owned by insiders.
During the past 12 months, Rayonier Inc has had a low of $27.40 and a high of $35.29. According to the stock market information, the enterprise value for the company is $6154981888, which is based on a 30.27 price-to-earnings ratio, a 6.05 price-to-earnings-growth ratio, and a beta of 1.04. The fifty day moving average price for RYN is $31.3764 and a two-hundred day moving average price translates $30.9633 for the stock.
The latest earnings results from Rayonier Inc (NYSE: RYN) was released for 2024-09-30. The net profit margin was 15.83% and return on equity was 8.82% for RYN. The company reported revenue of $194.99 million for the quarter, compared to $201.58 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.27 percent. For the current quarter, analysts expect RYN to generate $214M in revenue.
