Rayonier Inc. (RYN): Today's Featured Conglomerates Winner

Rayonier Inc (RYN) pushed the Conglomerates sector higher today making it today's featured conglomerates winner. The sector as a whole closed the day up 0.8%. By the end of trading, Rayonier Inc rose 44 cents (1.1%) to $41.70 on light volume. Throughout the day, 513,718 shares of Rayonier Inc exchanged hands as compared to its average daily volume of one million shares. The stock ranged in a price between $41.03-$41.93 after having opened the day at $41.17 as compared to the previous trading day's close of $41.26. Another company within the Conglomerates sector that increased today was MGT Capital Investments Inc (MGT), up 3.4%.

Rayonier, Inc. engages in the sale and development of real estate and timberland management, as well as in the production and sale of cellulose fibers in the United States, New Zealand, and Australia. Rayonier Inc has a market cap of $5.09 billion and is part of the conglomerates industry. The company has a P/E ratio of 18.7, equal to the average conglomerates industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 18% year to date as of the close of trading on Monday.

TheStreet Ratings rates Rayonier as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

• You can view the full Rayonier Ratings Report.

• Use our conglomerates section to find sector-relevant news.
• Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the conglomerates sector could consider SPDR Trust Series one (SPY) while those bearish on the conglomerates sector could consider ProShares Short S&P 500 (SH).

• Find other investment ideas from our top rated ETFs lists.

 

For more information on Rayonier Inc. click any of the following:

• Rayonier Inc. Stock Price

• Rayonier Inc. Analyst Ratings

• Rayonier Inc. Key Stats & Profile

• Rayonier Inc. Earnings

• Rayonier Inc. Ratio Comparison

• Rayonier Inc. Growth Rates

• Rayonier Inc. Balance Sheet

• Rayonier Inc. Cash Flow

• Rayonier Inc. Income Statement