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Klabin (OTCMKTS:KLBAY) Trading Up 5.5% - Time to Buy?

Klabin logo with Basic Materials background

Key Points

  • The shares of Klabin SA rose by 5.5% to $6.91, with trading volume increasing 240% from the average.
  • Jefferies Financial Group upgraded Klabin to a "strong-buy" rating, resulting in a consensus rating of "Moderate Buy" from analysts.
  • Klabin recently raised its dividend to $0.0911, representing a significant yield of 490.0% and a payout ratio of 61.67%.
  • Five stocks to consider instead of Klabin.

Shares of Klabin SA (OTCMKTS:KLBAY - Get Free Report) shot up 5.5% during trading on Friday . The company traded as high as $6.99 and last traded at $6.91. 16,252 shares traded hands during trading, an increase of 240% from the average session volume of 4,784 shares. The stock had previously closed at $6.55.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised Klabin to a "strong-buy" rating in a research note on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".

Check Out Our Latest Research Report on KLBAY

Klabin Stock Performance

The stock has a 50 day moving average of $6.93 and a 200 day moving average of $6.77. The company has a quick ratio of 1.59, a current ratio of 2.11 and a debt-to-equity ratio of 2.56. The company has a market capitalization of $20.08 billion, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 0.51 and a beta of 0.85.

Klabin (OTCMKTS:KLBAY - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.01. The company had revenue of $913.44 million for the quarter, compared to analyst estimates of $5.48 billion. Klabin had a return on equity of 18.24% and a net margin of 9.90%. As a group, analysts predict that Klabin SA will post 0.02 EPS for the current year.

Klabin Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were paid a $0.0911 dividend. This is an increase from Klabin's previous dividend of $0.01. This represents a dividend yield of 490.0%. The ex-dividend date of this dividend was Friday, August 15th. Klabin's payout ratio is presently 61.67%.

Klabin Company Profile

(Get Free Report)

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.

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