Zacks Investment Research Upgrades SVENSKA CELLULO/ADR (SVCBY) to Buy

SVENSKA CELLULO/ADR (OTCMKTS:SVCBY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Saturday, Zacks.com reports. The firm currently has a $9.75 target price on the basic materials company’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 10.92% from the company’s previous close.

According to Zacks, “Svenska Cellulosa Aktiebolaget SCA is a hygiene and forest company. Its business segments consist of Personal Care, Tissue business and Forest Products business. It provides incontinence care, baby diapers, feminine care, publication papers, pulp, solid-wood products, toilet paper, kitchen rolls, facial tissue, handkerchiefs and napkins. Its main brands include Tena, Pequenin, Libresse, Nosotras, Nana, Velvet, Edet, Regio, Tork, Zewa, Tempo, Libero, Drypers and Saba, among others. Svenska Cellulosa Aktiebolaget SCA is headquartered in Stockholm, Sweden. “

SVCBY opened at $8.79 on Friday. The firm has a market cap of $5.61 billion, a P/E ratio of 14.90, a P/E/G ratio of 0.64 and a beta of 0.64. SVENSKA CELLULO/ADR has a 52 week low of $7.35 and a 52 week high of $11.79.

SVENSKA CELLULO/ADR (OTCMKTS:SVCBY) last posted its quarterly earnings data on Wednesday, January 30th. The basic materials company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). The company had revenue of $544.57 million during the quarter. Research analysts expect that SVENSKA CELLULO/ADR will post 0.53 EPS for the current year.

SVENSKA CELLULO/ADR Company Profile

Svenska Cellulosa Aktiebolaget SCA (publ), a forest products company, develops, produces, and sells forest, wood, pulp, and paper products worldwide. The company offers wood products to the home improvement and building materials sectors, including machined softwood, carcassing, MDF, decking, and sheet materials for builders' merchants and DIY retailers; and various wood products, industrial components, standard wood products, and raw materials, as well as logistic, warehouse, and IT solutions for the wood industry.

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