Stora Enso OYJ (OTCMKTS:SEOAY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday. The firm currently has a $19.00 price objective on the basic materials company’s stock. Zacks Investment Research‘s price objective points to a potential upside of 12.29% 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 lowered Stora Enso OYJ from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st.
Stora Enso OYJ (OTCMKTS:SEOAY) last issued its quarterly earnings results on Friday, February 9th. The basic materials company reported $0.31 EPS for the quarter. The company had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.94 billion. Stora Enso OYJ had a return on equity of 12.35% and a net margin of 6.26%. sell-side analysts expect that Stora Enso OYJ will post 1.14 earnings per share for the current 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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