Zacks Investment Research downgraded shares of Sappi (OTCMKTS:SPPJY) from a hold rating to a sell rating in a research report report published on Wednesday 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. “

Separately, JPMorgan Chase & Co. upgraded Sappi from a neutral rating to an overweight rating in a research report on Friday, June 15th.

OTCMKTS:SPPJY opened at $6.41 on Wednesday. The firm has a market cap of $3.48 billion, a PE ratio of 10.02, a P/E/G ratio of 2.37 and a beta of 1.12. The company has a quick ratio of 1.09, a current ratio of 1.77 and a debt-to-equity ratio of 0.99. Sappi has a fifty-two week low of $6.15 and a fifty-two week high of $7.49.

About Sappi

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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