Wausau Paper Corp. Upgraded to Neutral at Zacks (WPP)
Wausau Paper Corp. (NYSE:WPP) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a note issued to investors on Monday, Analyst Ratings Network.com reports. The firm currently has a $13.40 price target on the stock. Zacks‘ price objective points to a potential upside of 2.29% from the stock’s previous close.
Wausau Paper Corp. (NYSE:WPP) traded up 1.79% during mid-day trading on Monday, hitting $13.10. The stock had a trading volume of 167,100 shares. Wausau Paper Corp. has a one year low of $9.18 and a one year high of $13.78. The stock has a 50-day moving average of $12.43 and a 200-day moving average of $12.11. The company’s market cap is $647.7 million.
Wausau Paper Corp. (NYSE:WPP) last posted its quarterly earnings results on Tuesday, October 29th. The company reported ($0.02) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.02 by $0.04. The company had revenue of $91.66 million for the quarter, compared to the consensus estimate of $90.73 million. On average, analysts predict that Wausau Paper Corp. will post $-0.09 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be paid a dividend of 0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Thursday, January 30th.
A number of other firms have also recently commented on WPP. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Wausau Paper Corp. in a research note to investors on Monday, November 18th. They now have a $13.00 price target on the stock, down previously from $14.00.
Wausau Paper Corp. (NYSE:WPP) manufactures, converts, and sells paper and paper products.
To view Zacks’ full report, visit www.zacks.com
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