Stora Enso Oyj (OTCMKTS:SEOAY) Shares Gap Up – Here’s Why

Stora Enso Oyj (OTCMKTS:SEOAY) shares gapped up prior to trading on Thursday . The stock had previously closed at $11.61, but opened at $12.1901. Stora Enso Oyj shares last traded at $12.3240, with a volume of 2,686 shares trading hands.

Analysts Set New Price Targets

Separately, BNP Paribas Exane raised 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 report on Monday, September 29th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Stora Enso Oyj has a consensus rating of “Reduce” and an average price target of $10.80.

Stora Enso Oyj Stock Performance

The company has a 50-day moving average of $12.10 and a 200-day moving average of $11.49. The firm has a market capitalization of $9.77 billion, a price-to-earnings ratio of 1,239.74 and a beta of 0.71. The company has a current ratio of 1.23, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35.

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

Stora Enso Oyj Company Profile

Stora Enso Oyj is a Finland‐based provider of renewable solutions in packaging, biomaterials, wooden construction and paper. The company draws on centuries of forest industry experience and leverages sustainable practices to produce a wide array of products, including paperboard for consumer goods, specialty papers for printing and publishing, and pulp for industrial applications. Its portfolio also encompasses wood products such as cross-laminated timber, sawn timber and building components, designed to meet growing demand for environmentally friendly construction materials.

Formed through the 1998 merger of Swedish mining and forestry giant Stora and Finnish paper maker Enso, Stora Enso combines deep heritage with ongoing investments in innovation.