Stora Enso Oyj (OTCMKTS:SEOAY) Receives Consensus Recommendation of “Hold” from Analysts

Stora Enso Oyj (OTCMKTS:SEOAY) has received an average rating of “Hold” from the five analysts that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $10.80.

A number of research firms have recently weighed in on SEOAY. BNP Paribas Exane raised shares of Stora Enso Oyj from a “strong sell” rating to a “hold” rating and set a $10.80 price target on the stock in a research note on Monday, September 29th. Citigroup reaffirmed a “buy” rating on shares of Stora Enso Oyj in a research note on Monday.

Stora Enso Oyj Stock Performance

Stora Enso Oyj stock traded up $0.15 during midday trading on Monday, reaching $12.53. 4,177 shares of the stock traded hands, compared to its average volume of 9,094. The firm has a fifty day moving average price of $12.10 and a two-hundred day moving average price of $11.50. The company has a current ratio of 1.23, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. The firm has a market cap of $9.88 billion, a price-to-earnings ratio of 1,254.25 and a beta of 0.71. Stora Enso Oyj has a fifty-two week low of $7.97 and a fifty-two week high of $12.80.

Stora Enso Oyj (OTCMKTS:SEOAY) last announced its quarterly earnings data on Thursday, October 23rd. The basic materials company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.22. Stora Enso Oyj had a negative return on equity of 2.55% and a net margin of 0.14%.The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.34 billion. On average, equities research analysts forecast that Stora Enso Oyj will post 0.67 earnings per share for the current year.

About Stora Enso Oyj

Stora Enso Oyj is a Finland‐based provider of renewable solutions in packaging, biomaterials, wooden construction and paper. The company draws on centuries of forest industry experience and leverages sustainable practices to produce a wide array of products, including paperboard for consumer goods, specialty papers for printing and publishing, and pulp for industrial applications. Its portfolio also encompasses wood products such as cross-laminated timber, sawn timber and building components, designed to meet growing demand for environmentally friendly construction materials.

Formed through the 1998 merger of Swedish mining and forestry giant Stora and Finnish paper maker Enso, Stora Enso combines deep heritage with ongoing investments in innovation.