Zacks Research Upgrades Klabin (OTCMKTS:KLBAY) to Hold

Klabin (OTCMKTS:KLBAY) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Thursday, Zacks reports.

Klabin Trading Down 1.4%

OTCMKTS KLBAY opened at $7.54 on Thursday. The firm has a market capitalization of $23.53 billion, a P/E ratio of 44.64, a PEG ratio of 2.01 and a beta of 0.65. The business has a fifty day simple moving average of $6.98 and a 200 day simple moving average of $7.12. Klabin has a 12 month low of $6.34 and a 12 month high of $10.23. The company has a current ratio of 1.78, a quick ratio of 1.37 and a debt-to-equity ratio of 2.01.

Klabin (OTCMKTS:KLBAY) last posted its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). Klabin had a return on equity of 1.79% and a net margin of 1.26%.The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. On average, analysts predict that Klabin will post 0.25 EPS for the current fiscal year.

About Klabin

Klabin SA is a Brazilian integrated paper and pulp company that develops, manufactures and sells a range of forest products and packaging solutions. Founded by the Klabin family in 1899 and headquartered in São Paulo, the company’s activities span forestry management, pulp and paper manufacturing, containerboard and corrugated packaging production, and recycling operations. Klabin supplies both industrial and consumer-oriented paper and packaging products, including kraftliner, corrugating medium, cartonboard and specialty papers used across multiple end markets.

As an integrated forest products company, Klabin manages planted timberlands and brings raw material through its own supply chain into pulping and papermaking facilities.