Stora Enso Oyj (OTCMKTS:SEOAY) Sets New 12-Month High – Still a Buy?

Stora Enso Oyj (OTCMKTS:SEOAY) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $12.40 and last traded at $12.40, with a volume of 407 shares trading hands. The stock had previously closed at $12.24.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas upgraded shares of Stora Enso Oyj from a “strong sell” rating to a “hold” rating and set a $10.80 price target on the stock in a report on Monday, September 29th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $10.80.

Stora Enso Oyj Trading Up 0.8%

The stock’s fifty day simple moving average is $11.77 and its 200-day simple moving average is $11.29. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.23 and a quick ratio of 0.80. The firm has a market cap of $9.93 billion, a PE ratio of 1,260.26 and a beta of 0.74.

Stora Enso Oyj (OTCMKTS:SEOAY) last released its earnings results on Thursday, October 23rd. The basic materials company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.22. Stora Enso Oyj had a negative return on equity of 2.55% and a net margin of 0.14%.The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.34 billion. On average, sell-side analysts forecast that Stora Enso Oyj will post 0.67 earnings per share for the current 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.