Morgan Stanley Reiterates “Overweight” Rating for SWEDISH MATCH A/ADR (OTCMKTS:SWMAY)

Morgan Stanley reaffirmed their overweight rating on shares of SWEDISH MATCH A/ADR (OTCMKTS:SWMAY) in a report issued on Tuesday, The Fly reports.

Several other research firms have also recently commented on SWMAY. Citigroup restated a neutral rating on shares of SWEDISH MATCH A/ADR in a research note on Thursday, April 30th. Barclays reiterated an overweight rating on shares of SWEDISH MATCH A/ADR in a report on Wednesday, April 29th. UBS Group reiterated a buy rating on shares of SWEDISH MATCH A/ADR in a report on Wednesday, July 1st. Finally, Goldman Sachs Group assumed coverage on shares of SWEDISH MATCH A/ADR in a report on Tuesday, June 30th. They issued a buy rating for the company. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of Buy.

Shares of OTCMKTS:SWMAY opened at $35.34 on Tuesday. The stock has a market cap of $11.89 billion and a P/E ratio of 26.77. The firm has a fifty day moving average price of $34.97 and a 200 day moving average price of $30.51. SWEDISH MATCH A/ADR has a 1-year low of $18.93 and a 1-year high of $37.33.

SWEDISH MATCH A/ADR (OTCMKTS:SWMAY) last issued its quarterly earnings results on Monday, April 27th. The company reported $0.37 earnings per share for the quarter. SWEDISH MATCH A/ADR had a net margin of 26.94% and a negative return on equity of 75.50%. The firm had revenue of $416.96 million during the quarter. Analysts anticipate that SWEDISH MATCH A/ADR will post 1.5 earnings per share for the current fiscal year.

SWEDISH MATCH A/ADR Company Profile

Swedish Match AB (publ) develops, manufactures, markets, and sells snus and moist snuff, lights, and other tobacco products in Sweden, the United States, and internationally. The company operates through Snus and Moist Snuff, Other Tobacco Products, Lights, and Other Operations segments. The Snus and Moist Snuff segment offers snus and pouch products, nicotine pouches, and moist snuff under the General, Göteborgs Rapé, Kaliber, Kronan, Ettan, Grov, Catch, ZYN, G.3, G.4, The Lab, Nick & Johnny, Longhorn, and Timber Wolf brand names.

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Analyst Recommendations for SWEDISH MATCH A/ADR (OTCMKTS:SWMAY)

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