Zacks Investment Research upgraded shares of UPM-Kymmene Corp. (OTCMKTS:UPMKY) from a hold rating to a buy rating in a research note released on Tuesday morning. Zacks Investment Research currently has $30.00 target price on the basic materials company’s stock.

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. “

UPM-Kymmene Corp. (OTCMKTS UPMKY) opened at 27.64 on Tuesday. The company has a market capitalization of $14.75 billion, a P/E ratio of 13.65 and a beta of 1.57. UPM-Kymmene Corp. has a 1-year low of $20.51 and a 1-year high of $30.23. The firm has a 50-day moving average price of $26.75 and a 200-day moving average price of $27.03.

UPM-Kymmene Corp. (OTCMKTS:UPMKY) last issued its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.06). The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.90 billion. UPM-Kymmene Corp. had a net margin of 9.13% and a return on equity of 11.54%. On average, analysts forecast that UPM-Kymmene Corp. will post $1.85 EPS for the current fiscal year.

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UPM-Kymmene Corp. Company Profile

UPM-Kymmene Corporation (UPM) is a global forest company. The Company’s segments include UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA, UPM Plywood and Other operations. The UPM Biorefining segment consists of pulp, timber and biofuels businesses. The UPM Energy segment is an electricity producer.

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