Stora Enso Oyj (OTCMKTS:SEOAY) Given Consensus Rating of “Hold” by Analysts

Stora Enso Oyj (OTCMKTS:SEOAY) has earned a consensus recommendation of “Hold” from the nine analysts that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $18.50.

SEOAY has been the subject of a number of research reports. Citigroup upgraded shares of Stora Enso Oyj from a “neutral” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Tuesday, July 27th. BNP Paribas downgraded shares of Stora Enso Oyj from an “outperform” rating to a “hold” rating and set a $17.00 price target for the company. in a research note on Tuesday, June 29th. Danske cut Stora Enso Oyj from a “hold” rating to a “sell” rating and set a $15.00 price objective on the stock. in a research note on Monday. Exane BNP Paribas cut Stora Enso Oyj from an “outperform” rating to a “neutral” rating in a research note on Tuesday, June 29th. Finally, Zacks Investment Research raised Stora Enso Oyj from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Friday, September 3rd.

Shares of SEOAY traded down $0.85 during midday trading on Friday, hitting $17.98. 27,985 shares of the stock were exchanged, compared to its average volume of 24,846. Stora Enso Oyj has a 52-week low of $14.30 and a 52-week high of $20.91. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.92 and a current ratio of 1.35. The stock has a fifty day simple moving average of $19.57 and a 200 day simple moving average of $19.20. The firm has a market cap of $14.18 billion, a P/E ratio of 18.46 and a beta of 1.24.

Stora Enso Oyj (OTCMKTS:SEOAY) last released its earnings results on Wednesday, July 21st. The basic materials company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.17. The company had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $2.79 billion. Stora Enso Oyj had a return on equity of 6.86% and a net margin of 7.43%. As a group, equities research analysts forecast that Stora Enso Oyj will post 1.36 EPS for the current fiscal year.

About Stora Enso Oyj

Stora Enso Oyj engages in the manufacturing and marketing of newsprint, book paper, magazine paper, fine paper, consumer board, industrial packaging, and wood products. It operates through the following divisions: Consumer Board, Packaging Solutions, Biomaterials, Wood Products, and Paper. The Consumer Board division develops and provides consumer packaging boards for printing and packaging applications.

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Analyst Recommendations for Stora Enso Oyj (OTCMKTS:SEOAY)

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