Stora Enso Oyj (OTCMKTS:SEOAY) Shares Up 0.4% – Still a Buy?

Stora Enso Oyj (OTCMKTS:SEOAY)’s share price traded up 0.4% during mid-day trading on Thursday . The company traded as high as $11.69 and last traded at $11.63. 66,213 shares were traded during trading, a decline of 8% from the average session volume of 71,745 shares. The stock had previously closed at $11.58.

Analyst Ratings Changes

Several equities analysts have commented on the company. BNP Paribas upgraded Stora Enso Oyj from a “strong sell” rating to a “hold” rating and set a $10.80 price target on the stock in a report on Monday, September 29th. Wall Street Zen downgraded shares of Stora Enso Oyj from a “hold” rating to a “sell” rating in a report on Monday, July 28th. UBS Group downgraded shares of Stora Enso Oyj from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. Finally, Berenberg Bank raised Stora Enso Oyj to a “hold” rating in a research report on Friday, August 29th. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Stora Enso Oyj has an average rating of “Reduce” and a consensus target price of $10.80.

Stora Enso Oyj Stock Performance

The company has a market capitalization of $9.22 billion, a P/E ratio of 1,170.17 and a beta of 0.80. The stock has a fifty day simple moving average of $11.04 and a 200-day simple moving average of $10.70. The company has a quick ratio of 0.80, a current ratio of 1.18 and a debt-to-equity ratio of 0.36.

Stora Enso Oyj (OTCMKTS:SEOAY) last posted its earnings results on Thursday, October 23rd. The basic materials company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.22. Stora Enso Oyj had a net margin of 0.14% and a negative return on equity of 2.62%. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.34 billion. Equities analysts forecast that Stora Enso Oyj will post 0.67 EPS for the current year.

Stora Enso Oyj Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, October 9th. Investors of record on Friday, September 26th were issued a dividend of $0.0883 per share. This represents a yield of 79.0%. The ex-dividend date of this dividend was Thursday, September 25th. Stora Enso Oyj’s dividend payout ratio (DPR) is currently 1,200.00%.

Stora Enso Oyj Company Profile

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.