Stora Enso Oyj (SEOAY) Upgraded to Hold by Zacks Investment Research

Zacks Investment Research upgraded shares of Stora Enso Oyj (OTCMKTS:SEOAY) from a sell rating to a hold rating in a research report sent to investors on Saturday, Zacks.com reports.

According to Zacks, “Stora Enso is an integrated forest products company producing magazine papers, newsprint, fine papers and packaging boards, areas in which the Group is a global market leader. Stora Enso also conducts extensive sawmilling operations. To strengthen its market position and better serve customers in the United States, the company acquired the U.S.-based, Consolidated Papers, Inc. in 2000. “

Separately, ValuEngine cut Stora Enso Oyj from a sell rating to a strong sell rating in a report on Monday, April 1st.

Stora Enso Oyj stock opened at $12.70 on Friday. Stora Enso Oyj has a 52 week low of $11.28 and a 52 week high of $21.48. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.35 and a quick ratio of 0.85. The stock has a market cap of $10.06 billion, a P/E ratio of 8.04, a price-to-earnings-growth ratio of 1.06 and a beta of 1.20.

Stora Enso Oyj (OTCMKTS:SEOAY) last posted its earnings results on Friday, February 1st. The basic materials company reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.01. Stora Enso Oyj had a return on equity of 15.12% and a net margin of 8.69%. The business had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $2.92 billion. As a group, equities research analysts predict that Stora Enso Oyj will post 1.29 earnings per share for the current fiscal year.

About Stora Enso Oyj

Stora Enso Oyj provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries worldwide. The company operates through five divisions: Consumer Board, Packaging Solutions, Biomaterials, Wood Products, and Paper. The Consumer Board division develops virgin fiber carton board used for packaging for liquid, food, pharmaceutical, and luxury goods.

Further Reading: Outstanding Shares

Get a free copy of the Zacks research report on Stora Enso Oyj (SEOAY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Stora Enso Oyj Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stora Enso Oyj and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit