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

Shares of Stora Enso Oyj (OTCMKTS:SEOAY) have been given a consensus rating of “Hold” by the five brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokerages that have covered 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 report on Tuesday, March 24th.

Stora Enso Oyj Trading Down 1.7%

SEOAY opened at $11.41 on Friday. The business has a 50 day simple moving average of $11.57 and a two-hundred day simple moving average of $12.09. The firm has a market capitalization of $9.00 billion, a price-to-earnings ratio of 12.54 and a beta of 0.63. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.07 and a quick ratio of 0.57. Stora Enso Oyj has a one year low of $9.51 and a one year high of $14.41.

Stora Enso Oyj (OTCMKTS:SEOAY) last released its quarterly earnings results on Thursday, May 7th. The basic materials company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05). The business had revenue of $2.78 billion for 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%. Analysts predict that Stora Enso Oyj will post 0.64 EPS 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.