The Goldman Sachs Group Upgrades Klabin (OTCMKTS:KLBAY) to “Hold”

The Goldman Sachs Group upgraded shares of Klabin (OTCMKTS:KLBAY) from a strong sell rating to a hold rating in a research report released on Wednesday morning, Zacks.com reports.

Klabin Price Performance

Shares of OTCMKTS KLBAY opened at $7.22 on Wednesday. Klabin has a 52-week low of $6.75 and a 52-week high of $9.33. The firm has a fifty day moving average of $7.56 and a 200-day moving average of $7.75. The stock has a market capitalization of $4.46 billion, a PE ratio of 13.62, a P/E/G ratio of 2.76 and a beta of 1.12. The company has a quick ratio of 2.39, a current ratio of 2.85 and a debt-to-equity ratio of 2.89.

Klabin Company Profile

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.