Svenska Cellulosa SCA (SVCBY) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Svenska Cellulosa SCA (OTCMKTS:SVCBY) from a hold rating to a buy rating in a report published on Thursday morning. The brokerage currently has $11.00 target price on the basic materials company’s stock.

According to Zacks, “Svenska Cellulosa Aktiebolaget SCA is a hygiene and forest company. Its business segments consist of Personal Care, Tissue business and Forest Products business. It provides incontinence care, baby diapers, feminine care, publication papers, pulp, solid-wood products, toilet paper, kitchen rolls, facial tissue, handkerchiefs and napkins. Its main brands include Tena, Pequenin, Libresse, Nosotras, Nana, Velvet, Edet, Regio, Tork, Zewa, Tempo, Libero, Drypers and Saba, among others. Svenska Cellulosa Aktiebolaget SCA is headquartered in Stockholm, Sweden. “

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Svenska Cellulosa SCA (OTCMKTS SVCBY) opened at $10.54 on Thursday. The company has a quick ratio of 0.66, a current ratio of 1.15 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $6,602.04, a P/E ratio of 0.46, a price-to-earnings-growth ratio of 2.49 and a beta of 0.70. Svenska Cellulosa SCA has a twelve month low of $6.92 and a twelve month high of $35.36.

Svenska Cellulosa SCA (OTCMKTS:SVCBY) last posted its quarterly earnings results on Tuesday, January 30th. The basic materials company reported $0.10 EPS for the quarter. The firm had revenue of $510.33 million during the quarter. Svenska Cellulosa SCA had a return on equity of 3.73% and a net margin of 242.91%. equities research analysts expect that Svenska Cellulosa SCA will post 0.39 earnings per share for the current year.

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Svenska Cellulosa SCA Company Profile

Svenska Cellulosa SCA AB is a Sweden-based forest products company that develops solid-wood products, pulp, kraftliner, publication papers and renewable energy. The Company consists of five business units: Forest, Wood, Pulp, Paper, Renewable Energy, and supporting unit Sourcing & Logistics. The Forest unit comprises management of over two million hectares forestland, which is used for timber production.

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