Swedish Match AB (publ) (OTCMKTS:SWMAY) Price Target Raised to SEK 106 at Credit Suisse Group

Swedish Match AB (publ) (OTCMKTS:SWMAY – Get Rating) had its target price increased by equities research analysts at Credit Suisse Group from SEK 88 to SEK 106 in a note issued to investors on Tuesday, The Fly reports. The firm presently has an “outperform” rating on the stock.

A number of other research firms have also recently weighed in on SWMAY. Societe Generale cut Swedish Match AB (publ) from a “buy” rating to a “hold” rating in a report on Friday. UBS Group cut Swedish Match AB (publ) from a “buy” rating to a “neutral” rating in a report on Monday. DNB Markets cut Swedish Match AB (publ) from a “buy” rating to a “hold” rating in a report on Thursday, May 12th. Morgan Stanley upped their price target on Swedish Match AB (publ) from SEK 80 to SEK 106 and gave the stock an “equal weight” rating in a report on Monday. Finally, Barclays upped their price target on Swedish Match AB (publ) from SEK 88 to SEK 125 and gave the stock an “overweight” rating in a report on Thursday, May 12th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $83.96.

Shares of OTCMKTS:SWMAY traded down $0.09 during trading on Tuesday, reaching $9.88. 304,578 shares of the stock were exchanged, compared to its average volume of 359,544. Swedish Match AB has a 12-month low of $6.00 and a 12-month high of $10.35. The firm has a market cap of $15.07 billion, a price-to-earnings ratio of 22.46 and a beta of 0.55. The firm’s 50-day moving average price is $7.99 and its 200 day moving average price is $7.78.

Swedish Match AB (publ) (OTCMKTS:SWMAY – Get Rating) last issued its earnings results on Wednesday, February 16th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. Swedish Match AB (publ) had a negative return on equity of 81.47% and a net margin of 31.35%. The business had revenue of $536.53 million during the quarter, compared to analysts’ expectations of $525.03 million. On average, analysts expect that Swedish Match AB will post 0.43 earnings per share for the current fiscal year.

About Swedish Match AB (publ) (Get Rating)

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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