Zacks Research lowered shares of Stora Enso Oyj (OTCMKTS:SEOAY – Free Report) from a hold rating to a strong sell rating in a research report sent to investors on Monday morning,Zacks reports.
Separately, Citigroup reaffirmed a “buy” rating on shares of Stora Enso Oyj in a research report on Monday, October 12th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce”.
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Stora Enso Oyj Trading Down 0.4%
OTCMKTS:SEOAY opened at $11.23 on Monday. The company’s 50 day moving average price is $11.58 and its 200-day moving average price is $11.38. Stora Enso Oyj has a 52 week low of $10.09 and a 52 week high of $14.41. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.27. The stock has a market cap of $8.86 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 12.93 and a beta of 0.57.
Stora Enso Oyj (OTCMKTS:SEOAY – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The basic materials company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.13). Stora Enso Oyj had a net margin of 6.20% and a return on equity of 2.31%. The firm had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.79 billion. On average, equities research analysts forecast that Stora Enso Oyj will post 0.41 earnings per share for the current fiscal year.
About Stora Enso Oyj
Stora Enso Oyj is a Finnish-Swedish renewable materials company that develops and manufactures products based on wood and other renewable resources. Its businesses serve packaging, construction, and biomaterials markets, with a focus on replacing fossil-based materials with renewable alternatives.
The company’s products include renewable packaging materials and solutions, engineered wood products for construction, pulp, and selected biomaterials used in consumer and industrial applications.
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