Stora Enso OYJ (SEOAY) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Stora Enso OYJ (NASDAQ:SEOAY) from a hold rating to a buy rating in a research report report published on Wednesday, October 4th. The brokerage currently has $16.00 target price on the basic materials company’s stock.

According to Zacks, “Stora Enso is an integrated forest products company producing magazine papers, newsprint, fine papers and packaging boards, areas in which the Group is a global market leader. Stora Enso also conducts extensive sawmilling operations. To strengthen its market position and better serve customers in the United States, the company acquired the U.S.-based, Consolidated Papers, Inc. in 2000. “

Shares of Stora Enso OYJ (NASDAQ:SEOAY) traded down 1.16% on Wednesday, reaching $14.50. 2,194 shares of the company traded hands. The firm has a 50-day moving average price of $13.90 and a 200 day moving average price of $13.15. The company has a market capitalization of $11.43 billion and a PE ratio of 19.84. Stora Enso OYJ has a one year low of $8.67 and a one year high of $14.92.

Stora Enso OYJ (NASDAQ:SEOAY) last issued its earnings results on Wednesday, July 26th. The basic materials company reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. Stora Enso OYJ had a return on equity of 10.16% and a net margin of 5.66%. The company had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $3.02 billion. Equities analysts forecast that Stora Enso OYJ will post $0.81 EPS for the current fiscal year.

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Stora Enso OYJ Company Profile

Stora Enso Oyj is a provider of renewable solutions in packaging, biomaterials, wooden constructions and paper on global markets. The Company’s segments include Consumer Board, Packaging Solutions, Biomaterials, Wood Products, Paper and Other. The Consumer Board segment develops and provides consumer packaging boards for printing and packaging applications.

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