Stora Enso Oyj (OTCMKTS:SEOAY) Shares Down 0.3% – What’s Next?

Stora Enso Oyj (OTCMKTS:SEOAY) shares fell 0.3% during trading on Monday . The stock traded as low as $11.89 and last traded at $11.92. 29,408 shares were traded during trading, a decline of 19% from the average session volume of 36,371 shares. The stock had previously closed at $11.96.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. BNP Paribas upgraded Stora Enso Oyj from a “strong sell” rating to a “hold” rating and set a $10.80 target price on the stock in a research note on Monday, September 29th. Berenberg Bank raised Stora Enso Oyj to a “hold” rating in a report on Friday, August 29th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Stora Enso Oyj has an average rating of “Reduce” and an average target price of $10.80.

Stora Enso Oyj Price Performance

The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 1.23. The stock’s fifty day moving average price is $11.39 and its 200-day moving average price is $11.12. The firm has a market cap of $9.45 billion, a PE ratio of 1,198.95 and a beta of 0.74.

Stora Enso Oyj (OTCMKTS:SEOAY) last issued its earnings results on Thursday, October 23rd. The basic materials company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.22. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.34 billion. Stora Enso Oyj had a net margin of 0.14% and a negative return on equity of 2.55%. As a group, equities analysts forecast that Stora Enso Oyj will post 0.67 EPS for the current fiscal year.

Stora Enso Oyj Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Thursday, October 9th. Investors of record on Friday, September 26th were given a $0.0883 dividend. The ex-dividend date was Thursday, September 25th. This represents a dividend yield of 79.0%. Stora Enso Oyj’s payout ratio is currently 1,200.00%.

About Stora Enso Oyj

Stora Enso Oyj provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries in Finland and internationally. 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 replace fossil-based materials with low-carbon, renewable and recyclable packaging materials for food and beverage, pharmaceutical, and transport packaging.