UPM-Kymmene Corp. (UPMKY) Rating Increased to Hold at Zacks Investment Research
UPM-Kymmene Corp. (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.
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. “
Shares of UPM-Kymmene Corp. (OTCMKTS UPMKY) opened at 27.21 on Friday. UPM-Kymmene Corp. has a 52 week low of $20.51 and a 52 week high of $30.23. The stock’s 50 day moving average price is $26.68 and its 200 day moving average price is $26.84. The stock has a market cap of $14.52 billion, a price-to-earnings ratio of 13.50 and a beta of 1.56.
UPM-Kymmene Corp. (OTCMKTS:UPMKY) last issued its earnings results on Tuesday, July 25th. The basic materials company reported $0.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.06). The business had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.90 billion. UPM-Kymmene Corp. had a return on equity of 11.54% and a net margin of 9.13%. Equities research analysts anticipate 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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