Wall Street Analysts Believe Rayonier (RYN) Could Rally 25.87%: Here's is How to Trade

Core Viewpoint - Rayonier (RYN) shows potential for upside based on Wall Street analysts' short-term price targets, with a mean target of $27.2 indicating a 25.9% upside from the current price of $21.61 [1] Price Targets - The average price target consists of five estimates ranging from a low of $24.00 to a high of $33.00, with a standard deviation of $3.56, indicating variability among analysts [2] - The lowest estimate suggests an 11.1% increase, while the highest indicates a 52.7% upside [2] Analyst Consensus and Earnings Estimates - Analysts are increasingly optimistic about RYN's earnings prospects, as evidenced by a trend of higher EPS estimate revisions, which historically correlate with stock price movements [4][11] - Over the past 30 days, one estimate has increased, leading to a 1.2% rise in the Zacks Consensus Estimate for the current year [12] Zacks Rank - RYN holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, suggesting strong potential for upside [13] Price Target Reliability - While consensus price targets are a common metric, they should be approached with skepticism as they may not accurately predict stock price movements [3][10] - A low standard deviation among price targets indicates a high degree of agreement among analysts regarding the stock's price direction, serving as a starting point for further research [9]