Shares of Stora Enso Oyj (OTCMKTS:SEOAY – Get Free Report) were down 5.8% during mid-day trading on Thursday . The stock traded as low as $10.93 and last traded at $10.93. Approximately 2,176 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 36,056 shares. The stock had previously closed at $11.60.
Wall Street Analysts Forecast Growth
SEOAY has been the subject of several recent analyst reports. BNP Paribas Exane initiated coverage on Stora Enso Oyj in a research note on Wednesday. They issued a “neutral” rating for the company. The Goldman Sachs Group raised Stora Enso Oyj to a “strong sell” rating in a research report on Tuesday, March 24th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $10.80.
Check Out Our Latest Report on SEOAY
Stora Enso Oyj Trading Down 0.5%
Stora Enso Oyj (OTCMKTS:SEOAY – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The basic materials company reported $0.06 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $2.69 billion. Sell-side analysts expect that Stora Enso Oyj will post 0.64 earnings per share for the current year.
Stora Enso Oyj Company Profile
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.
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