Zacks Lowers Wausau Paper Corp. to Underperform (WPP)
Wausau Paper Corp. (NYSE:WPP) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report issued on Monday. They currently have a $8.30 price objective on the stock. Zacks‘s price objective would suggest a potential downside of 5.25% from the stock’s previous close.
Wausau Paper Corp. (NYSE:WPP) traded down 2.63% on Monday, hitting $8.53. The stock had a trading volume of 310,197 shares. Wausau Paper Corp. has a one year low of $8.70 and a one year high of $14.04. The stock has a 50-day moving average of $10.11 and a 200-day moving average of $11.51. The company’s market cap is $426.2 million.
Wausau Paper Corp. (NYSE:WPP) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.04) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.04). The company had revenue of $89.21 million for the quarter, compared to the consensus estimate of $87.59 million. On average, analysts predict that Wausau Paper Corp. will post $-0.18 earnings per share for the current fiscal year.
Wausau Paper Corp. (NYSE:WPP) manufactures, converts, and sells paper and paper products.
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