SMURFIT KAPPA G/ADR (SMFKY) Downgraded to “Hold” at Zacks Investment Research

SMURFIT KAPPA G/ADR (OTCMKTS:SMFKY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday, 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. “

Other equities analysts also recently issued research reports about the company. ValuEngine raised SMURFIT KAPPA G/ADR from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. BNP Paribas reaffirmed a “neutral” rating on shares of SMURFIT KAPPA G/ADR in a research report on Wednesday, January 9th. Finally, UBS Group started coverage on SMURFIT KAPPA G/ADR in a research report on Wednesday, March 13th. They set a “buy” rating for the company.

OTCMKTS SMFKY traded up $0.37 on Wednesday, hitting $30.39. 2,028 shares of the company were exchanged, compared to its average volume of 18,207. The company has a market cap of $7.28 billion, a price-to-earnings ratio of 9.12, a price-to-earnings-growth ratio of 2.12 and a beta of 0.52. The company has a quick ratio of 0.99, a current ratio of 1.39 and a debt-to-equity ratio of 1.17. SMURFIT KAPPA G/ADR has a 1-year low of $24.10 and a 1-year high of $45.51.

About SMURFIT KAPPA G/ADR

Smurfit Kappa Group plc, together with its subsidiaries, manufactures, distributes, and sells paper-based packaging products. The company operates through Europe and the Americas segments. 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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