Stora Enso OYJ (OTCMKTS:SEOAY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday, January 17th. The firm presently has a $18.00 price objective on the basic materials company’s stock. Zacks Investment Research‘s target price indicates a potential upside of 13.07% from the company’s current price.
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 downgraded Stora Enso OYJ from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st.
Stora Enso OYJ (OTCMKTS:SEOAY) last released its earnings results on Friday, February 9th. The basic materials company reported $0.31 earnings per share for the quarter. Stora Enso OYJ had a return on equity of 10.78% and a net margin of 5.49%. The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.94 billion. research analysts predict that Stora Enso OYJ will post 1.08 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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