Stora Enso Oyj (OTCMKTS:SEOAY) Given Average Recommendation of “Hold” by Brokerages

Stora Enso Oyj (OTCMKTS:SEOAY) has earned an average rating of “Hold” from the five brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $10.80.

SEOAY has been the subject of a number of research analyst reports. The Goldman Sachs Group raised Stora Enso Oyj to a “strong sell” rating in a report on Tuesday, March 24th. BNP Paribas Exane began coverage on Stora Enso Oyj in a research note on Wednesday, June 10th. They issued a “neutral” rating on the stock.

Stora Enso Oyj Stock Performance

OTCMKTS SEOAY opened at $10.65 on Thursday. The firm’s 50 day simple moving average is $11.40 and its 200 day simple moving average is $12.05. The firm has a market capitalization of $8.40 billion, a price-to-earnings ratio of 11.70 and a beta of 0.63. The company has a current ratio of 1.07, a quick ratio of 0.57 and a debt-to-equity ratio of 0.32. Stora Enso Oyj has a 1 year low of $9.92 and a 1 year high of $14.41.

Stora Enso Oyj (OTCMKTS:SEOAY) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $2.69 billion. Stora Enso Oyj had a net margin of 6.63% and a return on equity of 2.58%. As a group, research analysts expect that Stora Enso Oyj will post 0.67 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.