Zacks: Stora Enso OYJ (SEOAY) Receives Average Rating of “Hold” from Analysts
Stora Enso OYJ (NASDAQ:SEOAY) has been assigned a consensus broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold recommendation.
Analysts have set a 1-year consensus price objective of $12.67 for the company, according to Zacks. Zacks has also given Stora Enso OYJ an industry rank of 91 out of 265 based on the ratings given to its competitors.
SEOAY has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of Stora Enso OYJ from a “hold” rating to a “sell” rating in a report on Friday, April 21st. ValuEngine raised shares of Stora Enso OYJ from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.
Shares of Stora Enso OYJ (NASDAQ:SEOAY) opened at 13.3131 on Thursday. Stora Enso OYJ has a one year low of $7.48 and a one year high of $13.65. The stock has a 50 day moving average of $12.73 and a 200-day moving average of $11.58. The company has a market capitalization of $10.50 billion and a price-to-earnings ratio of 20.5133.
Stora Enso OYJ (NASDAQ:SEOAY) last posted its earnings results on Thursday, April 27th. The basic materials company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. Stora Enso OYJ had a net margin of 4.29% and a return on equity of 7.80%. The firm had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.62 billion. On average, equities analysts expect that Stora Enso OYJ will post $0.81 earnings per share for the current year.
ILLEGAL ACTIVITY NOTICE: This piece was first reported by American Banking News and is the property of of American Banking News. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright legislation. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/06/22/zacks-stora-enso-oyj-seoay-receives-average-rating-of-hold-from-analysts.html.
About Stora Enso OYJ
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Stora Enso OYJ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stora Enso OYJ and related companies with MarketBeat.com's FREE daily email newsletter.