Rayonier: Look Past Q2 Results Miss
RYNRayonier(RYN) Seeking Alpha·2024-08-13 14:13

Tetsuko Oota/iStock via Getty Images Rayonier Inc. (NYSE:RYN) stock continues to be awarded a Buy rating, despite its Q2 2024 results miss. RYN's full-year FY 2024 EBITDA is expected to still fall within its prior guidance range with a potential pick-up in timber harvest volume for the second half. Furthermore, Rayonier's EV/EBITDA multiple might expand going forward, assuming that the company manages to divest its assets at healthy valuations in the future. My earlier May 22, 2024 update touched on the pro ...