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

Stora Enso Oyj (OTCMKTS:SEOAY) has been assigned a consensus rating of “Hold” from the five analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $10.80.

Several research firms have recently issued reports on SEOAY. Citigroup restated a “buy” rating on shares of Stora Enso Oyj in a report on Monday. BNP Paribas Exane raised Stora Enso Oyj from a “strong sell” rating to a “hold” rating and set a $10.80 price objective on the stock in a report on Monday, September 29th.

Stora Enso Oyj Stock Performance

Shares of SEOAY stock traded up $0.15 during trading hours on Monday, reaching $12.53. 4,177 shares of the company’s stock were exchanged, compared to its average volume of 9,094. The business has a fifty day moving average price of $12.10 and a 200-day moving average price of $11.50. The stock has a market capitalization of $9.88 billion, a P/E ratio of 1,254.25 and a beta of 0.71. The company has a quick ratio of 0.80, a current ratio of 1.23 and a debt-to-equity ratio of 0.35. Stora Enso Oyj has a fifty-two week low of $7.97 and a fifty-two week high of $12.80.

Stora Enso Oyj (OTCMKTS:SEOAY) last announced its earnings results on Thursday, October 23rd. The basic materials company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.22. Stora Enso Oyj had a net margin of 0.14% and a negative return on equity of 2.55%. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.34 billion. Analysts predict that Stora Enso Oyj will post 0.67 EPS 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.