Zacks Research Upgrades Sappi (OTCMKTS:SPPJY) to Hold

Sappi (OTCMKTS:SPPJY) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Sappi Stock Performance

Shares of Sappi stock opened at $1.38 on Monday. The business has a fifty day simple moving average of $1.48 and a 200-day simple moving average of $1.70. The firm has a market cap of $772.66 million, a price-to-earnings ratio of 8.12 and a beta of 0.87. The company has a quick ratio of 0.62, a current ratio of 1.24 and a debt-to-equity ratio of 0.63. Sappi has a fifty-two week low of $1.11 and a fifty-two week high of $3.20.

Sappi (OTCMKTS:SPPJY) last announced its earnings results on Thursday, August 7th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.07). The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.35 billion. Sappi had a return on equity of 6.12% and a net margin of 1.75%.

About Sappi

Sappi Limited, together with its subsidiaries, engages in the provision of materials made from woodfiber-based renewable resources in Europe, North America, and South Africa. The company manufacture and sells dissolving pulp, and wood and paper pulp; graphic papers, coated and uncoated papers, and casting and release papers; and packaging and specialty papers, including packaging and specialty papers, including flexible packaging papers, label papers, functional paper packaging products, containerboards, paperboards, silicone base papers, and dye sublimation papers.