Zacks Investment Research lowered shares of Sappi Ltd. (OTCMKTS:SPPJY) from a buy rating to a hold rating in a report released on Thursday morning.

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. “

Shares of Sappi (OTCMKTS:SPPJY) opened at 5.23 on Thursday. Sappi has a 1-year low of $3.46 and a 1-year high of $5.29. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of 9.87 and a beta of 0.88. The firm has a 50-day moving average of $5.02 and a 200 day moving average of $4.68.

Sappi Company Profile

Sappi Limited (Sappi) is focused on providing dissolving wood pulp, paper pulp and paper-based solutions to its direct and indirect customer base. The Company’s range of paper products includes coated fine papers used by printers, publishers and corporate end-users in the production of books, brochures, magazines, catalogues, direct mail and many other print applications; casting release papers used by suppliers to the fashion, textiles, automobile and household industries, and newsprint, uncoated graphic and business papers and packaging papers and tissue products in the Southern Africa region.

Get a free copy of the Zacks research report on Sappi (SPPJY)

For more information about research offerings from Zacks Investment Research, visit

Receive News & Ratings for Sappi Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sappi Ltd. and related companies with's FREE daily email newsletter.