Sappi (SPPJY) Downgraded to Sell at Zacks Investment Research
Sappi (OTCMKTS:SPPJY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.
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. “
Separately, ValuEngine cut Sappi from a “hold” rating to a “sell” rating in a research report on Tuesday, November 6th.
Sappi (OTCMKTS:SPPJY) last posted its quarterly earnings data on Thursday, November 15th. The basic materials company reported $0.19 earnings per share for the quarter. Sappi had a return on equity of 17.50% and a net margin of 5.56%. The company had revenue of $1.54 billion during the quarter. As a group, sell-side analysts predict that Sappi will post 0.69 EPS for the current year.
Sappi Company Profile
Sappi Limited, a woodfibre company, manufactures and sells dissolving wood pulp, paper pulp, and paper-based solutions to direct and indirect customers in North America, Europe, and Southern Africa. It offers graphic paper products that are used by printers in the production of books, brochures, magazines, catalogues, direct mail, newspapers, and other print applications; and packaging and specialty papers, which are used in the manufacture of soup sachets, luxury carry bags, cosmetic and confectionery packaging, boxes for agricultural products for export, and tissue wadding for household tissue products, as well as casting and release papers for fashion, textiles, automobile, and household industries.
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