Stora Enso Oyj (OTCMKTS:SEOAY) Stock Gets Downgrade from Zacks Research

Stora Enso Oyj (OTCMKTS:SEOAY) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Monday, Zacks reports.

Separately, Citigroup reissued a “buy” rating on shares of Stora Enso Oyj in a report on Monday, October 12th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Stora Enso Oyj Price Performance

OTCMKTS SEOAY opened at $11.23 on Monday. The business’s fifty day moving average price is $11.58 and its 200-day moving average price is $11.38. The stock has a market capitalization of $8.86 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 12.93 and a beta of 0.57. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.33 and a quick ratio of 0.80. Stora Enso Oyj has a 1-year low of $10.09 and a 1-year high of $14.41.

Stora Enso Oyj (OTCMKTS:SEOAY) last issued its quarterly earnings data on Thursday, July 23rd. The basic materials company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.13). The firm had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.79 billion. Stora Enso Oyj had a return on equity of 2.31% and a net margin of 6.20%. On average, equities analysts predict that Stora Enso Oyj will post 0.41 earnings per share for the current year.

Stora Enso Oyj Company Profile

Stora Enso Oyj is a Finnish-Swedish renewable materials company that develops and manufactures products based on wood and other renewable resources. Its businesses serve packaging, construction, and biomaterials markets, with a focus on replacing fossil-based materials with renewable alternatives.

The company’s products include renewable packaging materials and solutions, engineered wood products for construction, pulp, and selected biomaterials used in consumer and industrial applications.