Schweitzer-Mauduit International (SWM) Lifted to Buy at Zacks Investment Research

Schweitzer-Mauduit International (NYSE:SWM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The firm currently has a $49.00 price objective on the stock. Zacks Investment Research‘s target price points to a potential upside of 12.36% from the company’s previous close.

According to Zacks, “Schweitzer-Mauduit International, Inc. (SWM) is a leading global provider of engineered solutions & advanced materials. From their origins as paper-making experts during the Renaissance to their cutting-edge technologies that solve today’s modern business challenges, SWM has consistently demonstrated a forward-looking approach to helping their customers succeed. In recent years, as they focused on expanding their reach beyond fiber-based materials, SWM established & grew its Advanced Materials & Structures platform to include expertise and capabilities in resin-based technologies and materials. As part of this effort, SWM acquired and integrated several global leaders specializing in market-leading netting & high-performance TPU films, including Argotec, Conwed Plastics and DelStar Technologies. SWM also acquired its subsidiary Filtrexx International, a global leader in the research & development of sustainable, compost-based solutions for erosion control and storm water management. “

Separately, DA Davidson assumed coverage on shares of Schweitzer-Mauduit International in a research note on Tuesday, September 26th. They issued a “buy” rating and a $47.00 price objective on the stock.

Shares of Schweitzer-Mauduit International (SWM) opened at $43.61 on Tuesday. The firm has a market cap of $1,348.68, a P/E ratio of 13.14, a PEG ratio of 2.79 and a beta of 1.29. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.05 and a current ratio of 3.06. Schweitzer-Mauduit International has a fifty-two week low of $36.26 and a fifty-two week high of $47.01.

Schweitzer-Mauduit International (NYSE:SWM) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.18. Schweitzer-Mauduit International had a net margin of 8.33% and a return on equity of 19.10%. The company had revenue of $257.80 million during the quarter, compared to analyst estimates of $238.00 million. During the same quarter last year, the business posted $0.74 earnings per share. The company’s revenue was up 23.2% on a year-over-year basis. equities research analysts forecast that Schweitzer-Mauduit International will post 3.15 EPS for the current year.

A number of hedge funds have recently modified their holdings of SWM. Boston Partners increased its stake in Schweitzer-Mauduit International by 35.7% in the 3rd quarter. Boston Partners now owns 919,357 shares of the company’s stock valued at $38,116,000 after buying an additional 241,771 shares during the last quarter. Cooke & Bieler LP grew its position in shares of Schweitzer-Mauduit International by 19.3% in the 2nd quarter. Cooke & Bieler LP now owns 1,330,939 shares of the company’s stock valued at $49,551,000 after acquiring an additional 214,915 shares during the period. Thrivent Financial For Lutherans grew its position in shares of Schweitzer-Mauduit International by 281.9% in the 2nd quarter. Thrivent Financial For Lutherans now owns 127,600 shares of the company’s stock valued at $4,750,000 after acquiring an additional 94,190 shares during the period. Advisors Asset Management Inc. grew its position in shares of Schweitzer-Mauduit International by 14.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 718,630 shares of the company’s stock valued at $26,755,000 after acquiring an additional 90,509 shares during the period. Finally, GSA Capital Partners LLP grew its position in shares of Schweitzer-Mauduit International by 621.5% in the 2nd quarter. GSA Capital Partners LLP now owns 83,410 shares of the company’s stock valued at $3,105,000 after acquiring an additional 71,850 shares during the period. Hedge funds and other institutional investors own 85.82% of the company’s stock.

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About Schweitzer-Mauduit International

Schweitzer-Mauduit International, Inc (SWM) is a diversified producer of engineered solutions and materials for a variety of industries. The Company has two operating product line segments: Engineered Papers, and Advanced Materials and Structures. As of December 31, 2016, the Company conducted business in over 90 countries and operate 18 production locations across the world, with facilities in the United States, Canada, the United Kingdom, France, Luxembourg, Russia, Brazil, China and Poland.

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