Stora Enso Oyj (OTCMKTS:SEOAY) Receives Average Rating of “Hold” from Analysts

Stora Enso Oyj (OTCMKTS:SEOAY) has earned a consensus recommendation of “Hold” from the five ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $10.80.

Separately, The Goldman Sachs Group raised Stora Enso Oyj to a “strong sell” rating in a research note on Tuesday, March 24th.

Stora Enso Oyj Trading Down 0.3%

Shares of OTCMKTS SEOAY opened at $11.59 on Friday. The stock has a market cap of $9.14 billion, a price-to-earnings ratio of 12.74 and a beta of 0.63. The business has a 50 day simple moving average of $11.56 and a 200 day simple moving average of $12.11. Stora Enso Oyj has a 52 week low of $9.51 and a 52 week high of $14.41. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 1.07.

Stora Enso Oyj (OTCMKTS:SEOAY) last announced its quarterly earnings results on Thursday, May 7th. The basic materials company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.05). The firm had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.69 billion. Stora Enso Oyj had a net margin of 6.63% and a return on equity of 2.58%. On average, research analysts predict that Stora Enso Oyj will post 0.64 earnings per share for the current fiscal year.

About Stora Enso Oyj

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.