SMURFIT KAPPA G/ADR (OTCMKTS:SMFKY) Downgraded to Sell at Zacks Investment Research

SMURFIT KAPPA G/ADR (OTCMKTS:SMFKY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday, Zacks.com reports.

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. “

Separately, Numis Securities upgraded SMURFIT KAPPA G/ADR from an “add” rating to a “buy” rating in a research report on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $46.00.

SMFKY stock traded down $0.48 during midday trading on Tuesday, hitting $29.18. The stock had a trading volume of 4,540 shares, compared to its average volume of 11,675. The company has a current ratio of 1.39, a quick ratio of 0.99 and a debt-to-equity ratio of 1.17. The stock’s 50-day moving average price is $31.48. The stock has a market cap of $6.94 billion, a price-to-earnings ratio of 8.76, a price-to-earnings-growth ratio of 2.23 and a beta of 0.73. SMURFIT KAPPA G/ADR has a 52-week low of $24.10 and a 52-week high of $43.50.

About SMURFIT KAPPA G/ADR

Smurfit Kappa Group plc, together with its subsidiaries, manufactures, distributes, and sells paper-based packaging products. It operates through two segments, Europe and the Americas. The company offers consumer, retail, industrial, e-commerce, heavy-duty corrugated, and hexacomb packaging products, as well as composite cardboard tubes, and bags and sacks; and bag-in-box, a single-use packaging system that comprises films, accessories, bags, taps, and boxes.

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