Stora Enso Oyj (OTCMKTS:SEOAY) Shares Gap Down – Here’s Why

Shares of Stora Enso Oyj (OTCMKTS:SEOAY) gapped down prior to trading on Tuesday . The stock had previously closed at $11.8920, but opened at $11.29. Stora Enso Oyj shares last traded at $11.2750, with a volume of 2,648 shares traded.

Analysts Set New Price Targets

Several research analysts recently commented on SEOAY shares. BNP Paribas upgraded shares of Stora Enso Oyj from a “strong sell” rating to a “hold” rating and set a $10.80 target price for the company in a report on Monday, September 29th. Berenberg Bank upgraded shares of Stora Enso Oyj to a “hold” rating in a research note on Friday, August 29th. UBS Group cut Stora Enso Oyj from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. Finally, Wall Street Zen lowered Stora Enso Oyj from a “hold” rating to a “sell” rating in a report on Monday, July 28th. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Stora Enso Oyj has a consensus rating of “Reduce” and a consensus price target of $10.80.

Stora Enso Oyj Trading Down 4.4%

The business’s 50-day moving average price is $11.10 and its 200 day moving average price is $10.86. The company has a market cap of $8.56 billion, a P/E ratio of 1,086.09 and a beta of 0.80. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.80 and a current ratio of 1.18.

Stora Enso Oyj (OTCMKTS:SEOAY) last issued its earnings results on Thursday, October 23rd. The basic materials company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.22. Stora Enso Oyj had a net margin of 0.14% and a negative return on equity of 2.62%. The company had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.34 billion. As a group, analysts expect that Stora Enso Oyj will post 0.67 earnings per share for the current year.

Stora Enso Oyj Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Thursday, October 9th. Stockholders of record on Friday, September 26th were given a $0.0883 dividend. This represents a dividend yield of 79.0%. The ex-dividend date of this dividend was Thursday, September 25th. Stora Enso Oyj’s dividend payout ratio (DPR) is presently 1,200.00%.

About Stora Enso Oyj

Stora Enso Oyj provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries in Finland and internationally. It operates through Packaging Materials, Packaging Solutions, Biomaterials, Wood Products, Forest, Paper, and Other segments. The company's Packaging Materials segment offers virgin and recycled fiber replace fossil-based materials with low-carbon, renewable and recyclable packaging materials for food and beverage, pharmaceutical, and transport packaging.