Stora Enso OYJ (SEOAY) Upgraded by Zacks Investment Research to “Buy”
Stora Enso OYJ (OTCMKTS:SEOAY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday. The firm currently has a $18.00 target price on the basic materials company’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 3.84% from the stock’s current price.
According to Zacks, “Stora Enso is an integrated forest products company producing magazine papers, newsprint, fine papers and packaging boards, areas in which the Group is a global market leader. Stora Enso also conducts extensive sawmilling operations. To strengthen its market position and better serve customers in the United States, the company acquired the U.S.-based, Consolidated Papers, Inc. in 2000. “
Separately, ValuEngine cut Stora Enso OYJ from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st.
Stora Enso OYJ (OTCMKTS:SEOAY) last posted its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.08. Stora Enso OYJ had a return on equity of 10.78% and a net margin of 5.49%. research analysts predict that Stora Enso OYJ will post 0.96 earnings per share for the current fiscal year.
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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.
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