Zacks Investment Research upgraded shares of Stora Enso OYJ (OTCMKTS:SEOAY) from a hold rating to a buy rating in a report published on Wednesday. The firm currently has $18.00 price objective on the basic materials company’s stock.
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 shares of Stora Enso OYJ from a buy rating to a hold rating in a research report on Saturday, January 13th.
Stora Enso OYJ (OTCMKTS:SEOAY) last released its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.08. Stora Enso OYJ had a net margin of 5.49% and a return on equity of 10.78%. research analysts anticipate that Stora Enso OYJ will post 0.98 EPS for the current fiscal year.
Stora Enso OYJ Company Profile
Stora Enso Oyj is a provider of renewable solutions in packaging, biomaterials, wooden constructions and paper on global markets. The Company’s segments include Consumer Board, Packaging Solutions, Biomaterials, Wood Products, Paper and Other. The Consumer Board segment develops and provides consumer packaging boards for printing and packaging applications.
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.