Stora Enso Oyj (OTCMKTS:SEOAY) Stock Gets Downgrade from Zacks Research

Stora Enso Oyj (OTCMKTS:SEOAY) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Monday, Zacks reports.

Separately, Citigroup reiterated a “buy” rating on shares of Stora Enso Oyj in a research note on Monday, October 12th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Stora Enso Oyj currently has a consensus rating of “Reduce”.

Stora Enso Oyj Price Performance

Stora Enso Oyj stock opened at $11.23 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.33 and a quick ratio of 0.80. The company has a market capitalization of $8.86 billion, a PE ratio of 13.37, a price-to-earnings-growth ratio of 12.93 and a beta of 0.57. Stora Enso Oyj has a one year low of $10.09 and a one year high of $14.41. The business has a 50 day simple moving average of $11.58 and a 200 day simple moving average of $11.38.

Stora Enso Oyj (OTCMKTS:SEOAY) last announced its quarterly earnings results on Thursday, July 23rd. The basic materials company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.13). Stora Enso Oyj had a net margin of 6.20% and a return on equity of 2.31%. The company had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.79 billion. On average, sell-side analysts forecast that Stora Enso Oyj will post 0.41 EPS for the current fiscal year.

Stora Enso Oyj Company Profile

Stora Enso Oyj is a Finnish-Swedish renewable materials company that develops and manufactures products based on wood and other renewable resources. Its businesses serve packaging, construction, and biomaterials markets, with a focus on replacing fossil-based materials with renewable alternatives.

The company’s products include renewable packaging materials and solutions, engineered wood products for construction, pulp, and selected biomaterials used in consumer and industrial applications.