Stora Enso Oyj (OTCMKTS:SEOAY) Reaches New 1-Year High – Here’s What Happened

Stora Enso Oyj (OTCMKTS:SEOAY)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $12.40 and last traded at $12.40, with a volume of 407 shares changing hands. The stock had previously closed at $12.24.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas upgraded Stora Enso Oyj from a “strong sell” rating to a “hold” rating and set a $10.80 target price 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 assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $10.80.

Stora Enso Oyj Price Performance

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 firm’s fifty day simple moving average is $11.67 and its 200 day simple moving average is $11.25. The firm has a market cap of $9.85 billion, a P/E ratio of 1,249.75 and a beta of 0.74.

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