Klabin (OTCMKTS:KLBAY) Sets New 1-Year High – Here’s Why

Shares of Klabin SA (OTCMKTS:KLBAY) reached a new 52-week high on Wednesday . The company traded as high as $10.33 and last traded at $9.75, with a volume of 11996 shares changing hands. The stock had previously closed at $7.20.

Analysts Set New Price Targets

Separately, Jefferies Financial Group upgraded Klabin to a “strong-buy” rating in a research report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Klabin Stock Up 35.4%

The stock has a 50-day moving average of $6.84 and a 200-day moving average of $6.89. The company has a quick ratio of 1.67, a current ratio of 2.12 and a debt-to-equity ratio of 2.32. The company has a market cap of $30.13 billion, a PE ratio of 19.50, a P/E/G ratio of 1.77 and a beta of 0.88.

Klabin (OTCMKTS:KLBAY) last announced its earnings results on Tuesday, November 4th. The basic materials company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $976.55 million. Klabin had a return on equity of 14.04% and a net margin of 7.93%. Sell-side analysts predict that Klabin SA will post 0.02 earnings per share for the current fiscal year.

About Klabin

Klabin SA, together with its subsidiaries, produces and exports packaging paper and sustainable paper packaging solutions in Brazil and internationally. The company engages in the planting of pine and eucalyptus; and forestry management business. It also produces and sells hardwood (eucalyptus), softwood (pine), and fluffed pulp; and paperboard, sackraft, Kraftliner paper, and recycled paper.