Stora Enso Oyj (OTCMKTS:SEOAY) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Stora Enso Oyj (OTCMKTS:SEOAY) to a strong sell rating in a research note published on Tuesday,Zacks.com reports.

Separately, Citigroup reissued a “buy” rating on shares of Stora Enso Oyj in a report on Monday, January 26th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Stora Enso Oyj presently has a consensus rating of “Reduce” and a consensus target price of $10.80.

Stora Enso Oyj Price Performance

Shares of SEOAY opened at $11.51 on Tuesday. Stora Enso Oyj has a 52 week low of $7.97 and a 52 week high of $14.41. The company has a current ratio of 1.21, a quick ratio of 0.66 and a debt-to-equity ratio of 0.33. The firm has a market cap of $9.08 billion, a price-to-earnings ratio of 11.40 and a beta of 0.66. The stock has a 50 day moving average of $12.60 and a 200-day moving average of $11.92.

Stora Enso Oyj (OTCMKTS:SEOAY) last posted its quarterly earnings results on Wednesday, February 4th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.07). Stora Enso Oyj had a net margin of 7.58% and a return on equity of 3.18%. The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.26 billion. As a group, analysts forecast that Stora Enso Oyj will post 0.67 EPS for the current year.

Stora Enso Oyj Company Profile

Stora Enso Oyj is a Finland‐based provider of renewable solutions in packaging, biomaterials, wooden construction and paper. The company draws on centuries of forest industry experience and leverages sustainable practices to produce a wide array of products, including paperboard for consumer goods, specialty papers for printing and publishing, and pulp for industrial applications. Its portfolio also encompasses wood products such as cross-laminated timber, sawn timber and building components, designed to meet growing demand for environmentally friendly construction materials.

Formed through the 1998 merger of Swedish mining and forestry giant Stora and Finnish paper maker Enso, Stora Enso combines deep heritage with ongoing investments in innovation.