Klabin SA (OTCMKTS:KLBAY – Get Free Report)’s stock price gapped down before the market opened on Monday. The stock had previously closed at $7.2250, but opened at $6.6518. Klabin shares last traded at $6.5956, with a volume of 8,022 shares.
Analysts Set New Price Targets
Separately, Zacks Research raised shares of Klabin from a “strong sell” rating to a “hold” rating in a report on Thursday, September 3rd. Two equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.
Check Out Our Latest Report on Klabin
Klabin Price Performance
The firm has a 50-day simple moving average of $7.27 and a 200 day simple moving average of $7.04. The company has a debt-to-equity ratio of 2.04, a current ratio of 2.00 and a quick ratio of 1.55. The firm has a market cap of $21.97 billion, a PE ratio of 41.68, a price-to-earnings-growth ratio of 1.79 and a beta of 0.61.
Klabin (OTCMKTS:KLBAY – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.02). The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Klabin had a return on equity of 1.72% and a net margin of 1.26%. As a group, equities analysts expect that Klabin SA will post 0.26 EPS for the current year.
About Klabin
Klabin SA is a Brazilian integrated producer of paper, packaging, and forest products. The company operates across the forestry, pulp, paper, and packaging value chain, managing planted forests and producing bleached and unbleached pulp, kraft paper, containerboard, corrugated packaging, industrial bags, and other paper-based products.
Its products serve a range of industries, including food and beverage, agriculture, consumer goods, e-commerce, and industrial manufacturing. Klabin also produces timber and operates in the tissue-paper segment, offering products for consumer and business markets.
Read More
- Five stocks we like better than Klabin
- Anthropic’s IPO Filing Reveals a Massive Opportunity for AI Infrastructure Giants
- Buy the Dip: 4 Stocks the Market Marked Down Too Far Ahead of Big Catalysts
- Insiders Are Selling These 5 AI Stocks—Should You Worry?
- 3 Companies With Room to Pass on Costs to Manage Inflation
Receive News & Ratings for Klabin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Klabin and related companies with MarketBeat.com's FREE daily email newsletter.
