UPM-Kymmene (OTCMKTS:UPMKY) Stock Rating Upgraded by Zacks Investment Research

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UPM-Kymmene (OTCMKTS:UPMKY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday, Zacks.com reports.

According to Zacks, “UPM-Kymmene Corporation is a global paper and forest products company. The Company is engaged in the production of paper, with an emphasis on the manufacture and sale of printing and writing papers. UPM is known as a modern and focused forest industry company. It consists of three Business Groups: Energy and Pulp, Paper, and Engineered Materials. The company’s main market areas are Europe and North America. UPM’s activities are centered in the European Union countries and North America, and Asia. The Company’s activities are based on close integration of raw materials, energy and production. Its vision is to be the front-runner in the new forest industry and to create value by offering competitive products and services to customers worldwide. “

Separately, ValuEngine lowered shares of UPM-Kymmene from a “hold” rating to a “sell” rating in a research report on Tuesday, February 19th.

OTCMKTS UPMKY opened at $26.16 on Friday. The company has a market capitalization of $14.16 billion, a PE ratio of 9.87, a P/E/G ratio of 8.02 and a beta of 1.26. UPM-Kymmene has a 52-week low of $24.26 and a 52-week high of $40.64.

UPM-Kymmene (OTCMKTS:UPMKY) last posted its quarterly earnings results on Friday, April 26th. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.03 billion. UPM-Kymmene had a net margin of 13.95% and a return on equity of 13.43%. As a group, research analysts anticipate that UPM-Kymmene will post 2.55 EPS for the current fiscal year.

About UPM-Kymmene

UPM-Kymmene Oyj operates in the forest-based bio industry. It operates through UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers, UPM Plywood, and Other operations segments. The company provides eucalyptus, birch, and softwood pulp grades for tissue, specialty and graphic papers, boards, and packaging; sawn timber for construction, packaging, distribution, joinery, and furniture industries; and wood-based renewable diesel and renewable naphtha for fuel distributors, transportation, and oil and petrochemicals industries.

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