Jefferies Financial Group Weighs in on Mondi plc’s FY2022 Earnings (OTCMKTS:MONDY)

Mondi plc (OTCMKTS:MONDY – Get Rating) – Analysts at Jefferies Financial Group raised their FY2022 earnings estimates for Mondi in a research note issued to investors on Monday, January 9th. Jefferies Financial Group analyst C. Hathorn now expects that the company will earn $3.98 per share for the year, up from their prior estimate of $3.66. The consensus estimate for Mondi’s current full-year earnings is $3.82 per share. Jefferies Financial Group also issued estimates for Mondi’s FY2023 earnings at $2.82 EPS, FY2024 earnings at $2.57 EPS and FY2025 earnings at $2.72 EPS.

Several other research firms have also recently issued reports on MONDY. Credit Suisse Group cut shares of Mondi from an “outperform” rating to an “underperform” rating in a report on Tuesday, December 6th. UBS Group lowered their target price on shares of Mondi from GBX 2,100 ($25.58) to GBX 1,800 ($21.93) in a research report on Friday, November 11th. Morgan Stanley upgraded shares of Mondi from an “equal weight” rating to an “overweight” rating in a research report on Thursday, October 13th. Finally, JPMorgan Chase & Co. upped their target price on shares of Mondi from GBX 1,760 ($21.44) to GBX 1,823 ($22.21) in a research report on Monday, December 12th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,780.75.

Mondi Stock Down 0.6 %

Shares of OTCMKTS:MONDY opened at $35.82 on Wednesday. The company has a 50-day simple moving average of $35.83 and a 200-day simple moving average of $34.90. Mondi has a one year low of $29.34 and a one year high of $53.71.

About Mondi

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Mondi plc engages in the manufacture and sale of packaging and paper products in Africa, Western Europe, Emerging Europe, Russia, North America, South America, Asia, and Australia. It operates in Corrugated Packaging, Flexible Packaging, Engineered Materials, and Uncoated Fine Paper segments. The company offers flexible packaging, bags, and pouches; personal care components; release liners; functional films; corrugated solutions; industrial bags; barrier coatings; specialty Kraft and sack Kraft papers; containerboards; and office and professional printing papers.