Stora Enso Oyj (SEOAY) Downgraded by Zacks Investment Research
Zacks Investment Research cut shares of Stora Enso Oyj (OTCMKTS:SEOAY) from a hold rating to a sell rating in a report released on Friday.
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. “
Several other analysts also recently weighed in on the stock. BNP Paribas assumed coverage on shares of Stora Enso Oyj in a research report on Tuesday, November 20th. They issued an outperform rating on the stock. ValuEngine downgraded shares of Stora Enso Oyj from a hold rating to a sell rating in a research report on Tuesday, November 6th.
Stora Enso Oyj (OTCMKTS:SEOAY) last issued its quarterly earnings data on Friday, October 26th. The basic materials company reported $0.36 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. The firm had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.11 billion. Stora Enso Oyj had a net margin of 7.61% and a return on equity of 14.69%. On average, research analysts expect that Stora Enso Oyj will post 1.43 earnings per share for the current fiscal year.
Stora Enso Oyj Company Profile
Stora Enso Oyj provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries worldwide. The company operates through five divisions: Consumer Board, Packaging Solutions, Biomaterials, Wood Products, and Paper. The Consumer Board division develops virgin fiber carton board used for packaging for liquid, food, pharmaceutical, and luxury goods.
See Also: How Does the Quiet Period Work?
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.