Sappi (OTCMKTS:SPPJY) Lowered to “Sell” at Zacks Investment Research

Zacks Investment Research downgraded shares of Sappi (OTCMKTS:SPPJY) from a hold rating to a sell rating in a report released on Tuesday morning, Zacks.com reports.

According to Zacks, “SAPPI LTD -ADR is the world ‘s leading producer of coated fine paper. They hold major market shares in Europe, North America and Africa. They have customers in over 100 countries worldwide. Their manufacturing operations span eight countries on three continents. “

A number of other brokerages have also weighed in on SPPJY. ValuEngine lowered shares of Sappi from a hold rating to a sell rating in a report on Tuesday, February 12th. JPMorgan Chase & Co. lowered shares of Sappi from an overweight rating to a neutral rating in a report on Wednesday, June 5th.

OTCMKTS SPPJY opened at $3.94 on Tuesday. The company has a market cap of $2.11 billion, a PE ratio of 6.57, a PEG ratio of 0.53 and a beta of 1.10. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.46 and a quick ratio of 0.87. Sappi has a 1-year low of $3.55 and a 1-year high of $7.49.

Sappi (OTCMKTS:SPPJY) last issued its quarterly earnings results on Thursday, May 9th. The basic materials company reported $0.14 earnings per share for the quarter. The business had revenue of $1.50 billion during the quarter. Sappi had a net margin of 5.27% and a return on equity of 16.77%. Equities analysts predict that Sappi will post 0.63 earnings per share for the current year.

Sappi Company Profile

Sappi Limited, a woodfibre company, manufactures and sells dissolving wood pulp, specialties and packaging papers, and graphic/printing papers to direct and indirect customers in North America, Europe, Southern Africa, and internationally. The company offers dissolving wood pulp products that are used by converters to create viscose fiber for clothing and textiles, acetate tow, and pharmaceutical products, as well as a range of consumer products.

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