Stora Enso Oyj (OTCMKTS:SEOAY) Sets New 12-Month High – What’s Next?

Stora Enso Oyj (OTCMKTS:SEOAY) reached a new 52-week high on Wednesday . The stock traded as high as $12.80 and last traded at $12.75, with a volume of 2727 shares traded. The stock had previously closed at $12.5650.

Wall Street Analysts Forecast Growth

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

Stora Enso Oyj Stock Up 1.2%

The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 1.23. The stock has a market cap of $10.03 billion, a P/E ratio of 1,272.62 and a beta of 0.71. The company’s fifty day moving average price is $12.04 and its 200-day moving average price is $11.42.

Stora Enso Oyj (OTCMKTS:SEOAY) last issued its quarterly earnings data 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 net margin of 0.14% and a negative return on equity of 2.55%. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.34 billion. Equities 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.