UPM-Kymmene Corp. (UPMKY) Downgraded by Zacks Investment Research
Zacks Investment Research lowered shares of UPM-Kymmene Corp. (OTCMKTS:UPMKY) from a hold rating to a sell rating in a report published on Wednesday morning.
According to Zacks, “UPM-Kymmene Corporation is a global paper and forest products company. The Company is engaged in the production of paper, with an emphasis on the manufacture and sale of printing and writing papers. UPM is known as a modern and focused forest industry company. It consists of three Business Groups: Energy and Pulp, Paper, and Engineered Materials. The company’s main market areas are Europe and North America. UPM’s activities are centered in the European Union countries and North America, and Asia. The Company’s activities are based on close integration of raw materials, energy and production. Its vision is to be the front-runner in the new forest industry and to create value by offering competitive products and services to customers worldwide. “
Shares of UPM-Kymmene Corp. (OTCMKTS UPMKY) opened at 26.59 on Wednesday. The stock has a 50 day moving average of $26.70 and a 200-day moving average of $26.77. The stock has a market capitalization of $14.19 billion, a P/E ratio of 13.47 and a beta of 1.56. UPM-Kymmene Corp. has a one year low of $20.43 and a one year high of $30.23.
UPM-Kymmene Corp. (OTCMKTS:UPMKY) last posted its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $0.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.06). UPM-Kymmene Corp. had a net margin of 9.13% and a return on equity of 11.54%. The company had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.90 billion. Equities analysts forecast that UPM-Kymmene Corp. will post $1.85 earnings per share for the current year.
About UPM-Kymmene Corp.
UPM-Kymmene Corporation (UPM) is a global forest company. The Company’s segments include UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA, UPM Plywood and Other operations. The UPM Biorefining segment consists of pulp, timber and biofuels businesses. The UPM Energy segment is an electricity producer.
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