) pushed the Conglomerates sector higher today making it today's featured conglomerates winner. The sector as a whole closed the day down 0.3%. By the end of trading, Rayonier rose 50 cents (1%) to $49.06 on average volume. Throughout the day, 827,298 shares of Rayonier exchanged hands as compared to its average daily volume of 917,100 shares. The stock ranged in a price between $48.41-$49.06 after having opened the day at $48.63 as compared to the previous trading day's close of $48.56. Another company within the Conglomerates sector that increased today was
), up 4.9%.
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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 has a market cap of $5.94 billion and is part of the conglomerates industry. The company has a P/E ratio of 23.7, above the S&P 500 P/E ratio of 17.7. Shares are up 8.8% year to date as of the close of trading on Monday. Currently there are five analysts that rate Rayonier a buy, no analysts rate it a sell, and two rate it a hold.
TheStreet Ratings rates Rayonier as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, solid stock price performance, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Rayonier Ratings Report.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the conglomerates sector could consider
) while those bearish on the conglomerates sector could consider
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