Stora Enso OYJ (SEOAY) Raised to Buy at Zacks Investment Research

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 (SEOAY) opened at $17.78 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.15 and a quick ratio of 0.66. Stora Enso OYJ has a one year low of $10.27 and a one year high of $17.80. The company has a market cap of $13,980.00, a PE ratio of 21.17, a P/E/G ratio of 1.68 and a beta of 1.41.

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.

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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.

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