Zacks Investment Research Downgrades Smurfit Kappa Group (SMFKY) to Hold

Smurfit Kappa Group (OTCMKTS:SMFKY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “Smurfit Kappa Group PLC operates as a paper and paperboard manufacturer and converter. It also engages in the manufacturing, distribution and selling of containerboard, corrugated containers and other paper-based packaging products, such as solid board, graphic board and bag-in-box. The company’s operating segments consists of Europe and Americas. Europe segment includes a system of mills and plants which primarily produces containerboard. Americas segment comprises forestry, paper, corrugated, paper sack and folding carton activities. Smurfit Kappa Group PLC is headquartered in Dublin, Ireland. “

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Several other brokerages have also weighed in on SMFKY. Goldman Sachs reiterated a “neutral” rating on shares of Smurfit Kappa Group in a report on Wednesday, March 7th. ValuEngine upgraded shares of Smurfit Kappa Group from a “hold” rating to a “buy” rating in a report on Friday, February 2nd.

SMFKY stock opened at $41.72 on Wednesday. The firm has a market capitalization of $10,212.59, a P/E ratio of 20.96 and a beta of -0.59. The company has a current ratio of 1.21, a quick ratio of 0.89 and a debt-to-equity ratio of 1.07. Smurfit Kappa Group has a 12-month low of $24.71 and a 12-month high of $45.19.

Smurfit Kappa Group (OTCMKTS:SMFKY) last released its earnings results on Wednesday, February 7th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.09). The firm had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.55 billion. Smurfit Kappa Group had a net margin of 4.93% and a return on equity of 16.69%. equities analysts anticipate that Smurfit Kappa Group will post 2.74 earnings per share for the current fiscal year.

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Smurfit Kappa Group Company Profile

Smurfit Kappa Group plc, together with its subsidiaries, manufactures, distributes, and sells paper-based packaging products. The company operates through two segments, Europe and the Americas. It offers containerboards, corrugated containers, and other paper-based packaging products, such as solid boards, graphic boards, and bag-in-box.

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