Schweitzer-Mauduit International (NYSE: SWM) was downgraded by investment analysts at Sidoti from a “buy” rating to a “neutral” rating in a note issued to investors on Friday, TheFlyOnTheWall.com reports.
Separately, analysts at Davenport downgraded shares of Schweitzer-Mauduit International from a “buy” rating to a “neutral” rating in a research note to investors on Monday, July 1st. They now have a $45.00 price target on the stock. They noted that the move was a valuation call.
Schweitzer-Mauduit International (NYSE: SWM) opened at 52.76 on Friday. Schweitzer-Mauduit International has a 1-year low of $31.175 and a 1-year high of $54.64. The stock’s 50-day moving average is currently $50.14. The company has a market cap of $1.655 billion and a price-to-earnings ratio of 17.41.
Schweitzer-Mauduit International (NYSE: SWM) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $1.01 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.92 by $0.09. The company had revenue of $194.50 million for the quarter, compared to the consensus estimate of $195.00 million. During the same quarter in the previous year, the company posted $1.78 earnings per share. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. Schweitzer-Mauduit International has set its FY13 guidance at $3.70 EPS. On average, analysts predict that Schweitzer-Mauduit International will post $3.84 earnings per share for the current fiscal year.
Schweitzer-Mauduit International, Inc is a diversified producer of specialty papers. It operates in two segments: Paper and Reconstituted Tobacco.
