Klabin (OTCMKTS:KLBAY) Stock Price Up 5.5% – Here’s Why

Klabin SA (OTCMKTS:KLBAY) rose 5.5% during mid-day trading on Friday . The stock traded as high as $6.99 and last traded at $6.91. Approximately 16,252 shares changed hands during mid-day trading, an increase of 240% from the average daily volume of 4,784 shares. The stock had previously closed at $6.55.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised Klabin to a “strong-buy” rating in a research note on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy”.

Klabin Stock Performance

The company has a 50-day simple moving average of $6.92 and a two-hundred day simple moving average of $6.76. The company has a debt-to-equity ratio of 2.56, a quick ratio of 1.59 and a current ratio of 2.11. The firm has a market capitalization of $20.08 billion, a P/E ratio of 10.83, a PEG ratio of 0.53 and a beta of 0.85.

Klabin (OTCMKTS:KLBAY) last posted its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. The business had revenue of $913.44 million for the quarter, compared to analysts’ expectations of $5.48 billion. Klabin had a return on equity of 18.24% and a net margin of 9.90%. As a group, equities analysts forecast that Klabin SA will post 0.02 EPS for the current year.

Klabin Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were given a dividend of $0.0911 per share. This represents a yield of 490.0%. The ex-dividend date of this dividend was Friday, August 15th. This is a positive change from Klabin’s previous dividend of $0.01. Klabin’s payout ratio is presently 61.67%.

Klabin Company Profile

Klabin SA, together with its subsidiaries, produces and exports packaging paper and sustainable paper packaging solutions in Brazil and internationally. The company engages in the planting of pine and eucalyptus; and forestry management business. It also produces and sells hardwood (eucalyptus), softwood (pine), and fluffed pulp; and paperboard, sackraft, Kraftliner paper, and recycled paper.