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

Stora Enso Oyj (OTCMKTS:SEOAY) has been assigned a consensus recommendation of “Hold” from the five research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $10.80.

Several research firms have recently commented on SEOAY. The Goldman Sachs Group upgraded Stora Enso Oyj to a “strong sell” rating in a research note on Tuesday, March 24th. BNP Paribas Exane initiated coverage on shares of Stora Enso Oyj in a research note on Wednesday, June 10th. They issued a “neutral” rating for the company.

Stora Enso Oyj Trading Down 3.4%

OTCMKTS:SEOAY opened at $10.27 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.57 and a current ratio of 1.07. Stora Enso Oyj has a one year low of $9.92 and a one year high of $14.41. The business’s 50-day simple moving average is $11.23 and its 200 day simple moving average is $12.00. The stock has a market cap of $8.10 billion, a price-to-earnings ratio of 11.29 and a beta of 0.63.

Stora Enso Oyj (OTCMKTS:SEOAY) last issued its quarterly earnings data on Thursday, May 7th. The basic materials company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05). Stora Enso Oyj had a net margin of 6.63% and a return on equity of 2.58%. The business had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.69 billion. As a group, sell-side analysts predict that Stora Enso Oyj will post 0.67 earnings per share for the current fiscal 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.