Stora Enso Oyj (OTCMKTS:SEOAY) Hits New 1-Year Low at $15.46

Stora Enso Oyj (OTCMKTS:SEOAYGet Rating)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $15.46 and last traded at $15.63, with a volume of 51254 shares changing hands. The stock had previously closed at $16.35.

Several research analysts have recently issued reports on the stock. Morgan Stanley upped their target price on shares of Stora Enso Oyj from €14.90 ($15.85) to €15.80 ($16.81) in a report on Friday, April 8th. Danske cut shares of Stora Enso Oyj from a “buy” rating to a “sell” rating in a report on Tuesday, June 14th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $18.35.

The firm’s 50-day moving average is $18.22 and its 200 day moving average is $18.97. The stock has a market cap of $12.37 billion, a PE ratio of 7.58 and a beta of 1.14. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 1.29.

Stora Enso Oyj (OTCMKTS:SEOAYGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The basic materials company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.07). The firm had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.10 billion. Stora Enso Oyj had a return on equity of 10.20% and a net margin of 13.14%. On average, sell-side analysts predict that Stora Enso Oyj will post 1.65 EPS for the current fiscal year.

About Stora Enso Oyj (OTCMKTS:SEOAY)

Stora Enso Oyj provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries worldwide. It operates through Packaging Materials, Packaging Solutions, Biomaterials, Wood Products, Forest, Paper, and Other segments. The company's Packaging Materials segment offers virgin and recycled fiber renewable and recyclable packaging materials for food and drink, pharmaceutical, and transport packaging.

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