Schweitzer-Mauduit International (SWM) Downgraded to C+ at TheStreet
Schweitzer-Mauduit International (NYSE:SWM) was downgraded by research analysts at TheStreet from a “b” rating to a “c+” rating in a report released on Thursday.
A number of other equities analysts have also recently commented on the stock. Zacks Investment Research raised shares of Schweitzer-Mauduit International from a “sell” rating to a “hold” rating in a research note on Thursday, October 4th. Sidoti set a $54.00 price objective on shares of Schweitzer-Mauduit International and gave the stock a “buy” rating in a research note on Tuesday, September 25th.
Shares of NYSE:SWM opened at $34.21 on Thursday. Schweitzer-Mauduit International has a 52 week low of $33.09 and a 52 week high of $48.06. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 10.76, a price-to-earnings-growth ratio of 5.04 and a beta of 1.32. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.98 and a quick ratio of 1.86.
Several large investors have recently modified their holdings of SWM. Itau Unibanco Holding S.A. purchased a new position in shares of Schweitzer-Mauduit International in the 2nd quarter worth $172,000. Amalgamated Bank purchased a new position in shares of Schweitzer-Mauduit International during the 2nd quarter worth about $200,000. Wedge Capital Management L L P NC purchased a new position in shares of Schweitzer-Mauduit International during the 2nd quarter worth about $209,000. Profund Advisors LLC boosted its stake in shares of Schweitzer-Mauduit International by 33.5% during the 1st quarter. Profund Advisors LLC now owns 6,058 shares of the company’s stock worth $237,000 after purchasing an additional 1,519 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Schweitzer-Mauduit International during the 2nd quarter worth about $284,000. 88.68% of the stock is owned by institutional investors and hedge funds.
Schweitzer-Mauduit International Company Profile
Schweitzer-Mauduit International, Inc, together with its subsidiaries, provides engineered solutions and advanced materials for various industries worldwide. The company operates through two segments, Engineered Papers and Advanced Materials & Structures. The Engineered Papers segment produces and sells cigarette papers, reconstituted tobacco leaf, and wrapper and binder products to cigarette and cigar manufacturers; and other non-tobacco paper products.
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