Sappi Ltd. (OTCMKTS:SPPJY) Downgraded by ValuEngine

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

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

Sappi (SPPJY) traded up 0.0000% on Tuesday, reaching $6.4401. The company’s stock had a trading volume of 1,533 shares. The stock’s 50 day moving average is $6.64 and its 200-day moving average is $6.85. Sappi has a 52 week low of $4.69 and a 52 week high of $7.97. The firm has a market capitalization of $3.44 billion, a PE ratio of 10.0784 and a beta of 0.95.

Sappi (OTCMKTS:SPPJY) last issued its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. Sappi had a return on equity of 22.73% and a net margin of 6.66%. The firm had revenue of $1.26 billion for the quarter. Analysts predict that Sappi will post $0.58 EPS for the current year.

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Sappi Company Profile

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

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