Shares of Swedish Match AB (publ) (OTCMKTS:SWMAY - Get Rating) have received a consensus rating of "Hold" from the nine research firms that are covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $115.75.
Several brokerages have recently weighed in on SWMAY. JPMorgan Chase & Co. increased their target price on shares of Swedish Match AB (publ) from SEK 106 to SEK 116 and gave the company a "neutral" rating in a research note on Monday, October 31st. Morgan Stanley increased their target price on shares of Swedish Match AB (publ) from SEK 106 to SEK 116 and gave the company an "equal weight" rating in a research note on Tuesday, November 1st.
Swedish Match AB (publ) Stock Performance
Shares of Swedish Match AB (publ) stock opened at $10.98 on Friday. The company has a 50-day simple moving average of $10.17 and a two-hundred day simple moving average of $10.14. Swedish Match AB has a 52-week low of $6.85 and a 52-week high of $11.10. The stock has a market capitalization of $16.74 billion, a PE ratio of 24.25 and a beta of 0.43.
Swedish Match AB (publ) (OTCMKTS:SWMAY - Get Rating) last issued its earnings results on Friday, October 28th. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). Swedish Match AB (publ) had a negative return on equity of 88.03% and a net margin of 31.35%. The company had revenue of $548.89 million for the quarter, compared to the consensus estimate of $596.60 million. As a group, equities research analysts forecast that Swedish Match AB will post 0.46 EPS for the current fiscal year.
Swedish Match AB (publ) Cuts Dividend
The firm also recently declared a dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, November 11th will be issued a $0.0558 dividend. This represents a yield of 1.15%. The ex-dividend date is Thursday, November 10th.
Swedish Match AB (publ) Company Profile
Swedish Match AB (publ) develops, manufactures, markets, and sells snus and moist snuff, lights, and other tobacco products in Scandinavia, the United States, and internationally. The company operates through Smokefree, Cigars, and Lights segments. It provides snus and pouch products, nicotine pouches, nicotine free products, and moist snuff under the General, Göteborgs Rapé, Kaliber, Kronan, Ettan, Grov, Catch, G.3, The Lab, Nick & Johnny, Thunder, VOLT, Swave, ZYN, G.4, Onico, Qvitt, Longhorn, and Timber Wolf brand names.
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