Sappi Ltd. (OTCMKTS:SPPJY) Rating Lowered to Hold at ValuEngine

ValuEngine downgraded shares of Sappi Ltd. (OTCMKTS:SPPJY) from a buy rating to a hold rating in a research report sent to investors on Tuesday, August 1st.

Separately, Zacks Investment Research downgraded Sappi from a buy rating to a sell rating in a research note on Thursday, June 22nd.

Sappi (OTCMKTS:SPPJY) opened at 6.405 on Tuesday. Sappi has a 1-year low of $4.69 and a 1-year high of $7.97. The firm has a market capitalization of $3.43 billion, a PE ratio of 10.023 and a beta of 0.95. The firm has a 50-day moving average price of $6.68 and a 200-day moving average price of $6.85.

Sappi (OTCMKTS:SPPJY) last posted its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.01. Sappi had a return on equity of 23.55% and a net margin of 6.66%. The firm had revenue of $1.26 billion during the quarter. Equities analysts expect that Sappi will post $0.58 earnings per share for the current fiscal year.

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Sappi Company Profile

To view ValuEngine’s full report, visit ValuEngine’s official website.

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