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

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

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

Stora Enso Oyj Stock Performance

OTCMKTS:SEOAY opened at $11.23 on Monday. The stock has a 50-day simple moving average of $11.58 and a two-hundred day simple moving average of $11.38. Stora Enso Oyj has a 52-week low of $10.09 and a 52-week high of $14.41. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.80 and a current ratio of 1.33. The firm has a market capitalization of $8.86 billion, a PE ratio of 13.37, a P/E/G ratio of 12.93 and a beta of 0.57.

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

About Stora Enso Oyj

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.