Stora Enso Oyj (OTCMKTS:SEOAY – Get Free Report) shares saw unusually-high trading volume on Thursday . 67,506 shares were traded during trading, an increase of 69% from the previous session’s volume of 39,858 shares.The stock last traded at $12.2950 and had previously closed at $11.9590.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the company. BNP Paribas Exane initiated coverage on Stora Enso Oyj in a research note on Wednesday, June 10th. They issued a “neutral” rating on the stock. Citigroup reaffirmed a “buy” rating on shares of Stora Enso Oyj in a research note on Thursday, July 30th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $10.80.
Read Our Latest Analysis on SEOAY
Stora Enso Oyj Stock Performance
Stora Enso Oyj (OTCMKTS:SEOAY – Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The basic materials company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.13). Stora Enso Oyj had a return on equity of 2.31% and a net margin of 6.20%.The firm had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.79 billion. Equities research analysts predict that Stora Enso Oyj will post 0.44 earnings per share for the current fiscal year.
About Stora Enso Oyj
Stora Enso Oyj is a renewable materials company headquartered in Finland and Sweden. The company develops and manufactures products made from wood and other renewable resources, with a focus on replacing fossil-based materials in packaging, construction and other applications.
Its product portfolio includes renewable packaging materials, packaging solutions, biomaterials and engineered wood products. Stora Enso supplies materials for food and beverage packaging, consumer goods, industrial applications and wooden construction, as well as pulp and other components used in a range of fiber-based products.
Stora Enso serves customers in markets around the world, with operations and sales primarily concentrated in Europe and additional activities in the Americas and Asia.
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