Stora Enso Oyj (OTCMKTS:SEOAY – Get Free Report)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $11.6320, but opened at $10.89. Stora Enso Oyj shares last traded at $11.10, with a volume of 1,228 shares traded.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on SEOAY shares. BNP Paribas Exane began coverage on Stora Enso Oyj in a research note on Wednesday. They issued a “neutral” rating for the company. The Goldman Sachs Group upgraded Stora Enso Oyj to a “strong sell” rating in a research report on Tuesday, March 24th. One 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. According to MarketBeat.com, Stora Enso Oyj presently has an average rating of “Hold” and an average price target of $10.80.
View Our Latest Research Report on SEOAY
Stora Enso Oyj Trading Up 2.2%
Stora Enso Oyj (OTCMKTS:SEOAY – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The basic materials company reported $0.06 earnings per share (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 firm had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.69 billion. As a group, analysts expect that Stora Enso Oyj will post 0.64 EPS 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.
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