Klabin (OTCMKTS:KLBAY) Upgraded by The Goldman Sachs Group to “Hold” Rating

The Goldman Sachs Group upgraded shares of Klabin (OTCMKTS:KLBAY) from a strong sell rating to a hold rating in a report released on Wednesday, Zacks.com reports.

Klabin Price Performance

Shares of Klabin stock opened at $7.22 on Wednesday. The stock has a market cap of $4.46 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 2.76 and a beta of 1.12. The company has a debt-to-equity ratio of 2.89, a quick ratio of 2.39 and a current ratio of 2.85. The stock has a 50 day moving average price of $7.58 and a 200-day moving average price of $7.76. Klabin has a one year low of $6.75 and a one year high of $9.33.

Klabin (OTCMKTS:KLBAY) last posted its quarterly earnings data on Monday, July 29th. The basic materials company reported $0.08 EPS for the quarter. Klabin had a net margin of 8.84% and a return on equity of 12.46%. The company had revenue of $934.43 million during the quarter. Equities analysts expect that Klabin will post 0.58 EPS for the current year.

Klabin Company Profile

Klabin SA, together with its subsidiaries, produces and exports packaging paper and sustainable paper packaging solutions in Brazil and internationally. The company engages in the planting of pine and eucalyptus; and forestry management business. It also produces and sells hardwood (eucalyptus), softwood (pine), and fluffed pulp; and paperboard, sackraft, Kraftliner paper, and recycled paper.