Buckeye Technologies (BKI) Shares Downgraded to a “Neutral” Rating by Zacks Investment Research Analysts

Buckeye Technologies (NYSE: BKI) was downgraded by equities research analysts at Zacks Investment Research from an “outperform” rating to a “neutral” rating in a research note issued to investors on Wednesday.

Separately, analysts at UBS AG (NYSE: UBS) raised their price target on shares of Buckeye Technologies from $32.00 to $35.00 in a research note to investors on Monday, December 12nd. They now have a “buy” rating on the stock. Analysts at RBC Capital (NYSE: RY) raised their price target on shares of Buckeye Technologies from $32.00 to $37.00 in a research note to investors on Thursday, November 17th. They now have an “outperform” rating on the stock.

Buckeye Technologies Inc. (Buckeye) is a producer of cellulose-based specialty products. Buckeye is the manufacturer in the world offering cellulose-based specialty products made from both wood and cotton and utilizing wetlaid and airlaid technologies. It operates manufacturing facilities in the United States, Canada, Germany and Brazil. The Company’s product lines are grouped into four categories: chemical cellulose, customized fibers, fluff pulp and nonwoven materials. It manages these products within two reporting segments: specialty fibers and nonwoven materials. The chemical cellulose and customized fibers are derived from wood and cotton cellulose materials using wetlaid technologies. Fluff pulps are derived from wood using wetlaid technology. Wetlaid technologies consists of cellulose manufacturing processes, in which fibers are deposited using water.

Shares of Buckeye Technologies opened at 34.19 on Wednesday. Buckeye Technologies has a 52 week low of $19.94 and a 52 week high of $34.61. The stock’s 50-day moving average is $30.8 and its 200-day moving average is $27.70. The company has a market cap of $1.345 billion and a price-to-earnings ratio of 13.76.

Source:  localizedusa.com

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