Stora Enso Oyj (OTCMKTS:SEOAY) Lifted to “Buy” at Citigroup

Citigroup upgraded shares of Stora Enso Oyj (OTCMKTS:SEOAY) from a neutral rating to a buy rating in a research report report published on Monday, MarketBeat.com reports.

Stora Enso Oyj Trading Up 2.1 %

OTCMKTS:SEOAY opened at $13.79 on Monday. The stock has a market cap of $10.87 billion, a PE ratio of -21.88, a price-to-earnings-growth ratio of 0.56 and a beta of 0.91. Stora Enso Oyj has a fifty-two week low of $11.06 and a fifty-two week high of $15.29. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.54 and a quick ratio of 1.14. The stock’s 50-day moving average is $14.04 and its two-hundred day moving average is $13.44.

Stora Enso Oyj (OTCMKTS:SEOAY) last announced its quarterly earnings data on Thursday, April 25th. The basic materials company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.06. Stora Enso Oyj had a negative net margin of 5.20% and a negative return on equity of 6.18%. The firm had revenue of $2.35 billion for the quarter. As a group, equities research analysts forecast that Stora Enso Oyj will post 0.47 earnings per share for the current fiscal year.

About Stora Enso Oyj

Stora Enso Oyj provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries in Finland and internationally. It operates through Packaging Materials, Packaging Solutions, Biomaterials, Wood Products, Forest, Paper, and Other segments. The company's Packaging Materials segment offers virgin and recycled fiber replace fossil-based materials with low-carbon, renewable and recyclable packaging materials for food and beverage, pharmaceutical, and transport packaging.