Stora Enso OYJ (SEOAY) Raised to “Strong-Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Stora Enso OYJ (OTCMKTS:SEOAY) from a hold rating to a strong-buy rating in a research note published on Wednesday, February 14th. They currently have $19.00 target price on the basic materials company’s stock.

According to Zacks, “Stora Enso is an integrated forest products company producing magazine papers, newsprint, fine papers and packaging boards, areas in which the Group is a global market leader. Stora Enso also conducts extensive sawmilling operations. To strengthen its market position and better serve customers in the United States, the company acquired the U.S.-based, Consolidated Papers, Inc. in 2000. “

Separately, ValuEngine lowered shares of Stora Enso OYJ from a strong-buy rating to a buy rating in a research report on Friday, December 1st.

Stora Enso OYJ (SEOAY) traded up $0.13 on Wednesday, hitting $18.40. 10,877 shares of the company’s stock were exchanged, compared to its average volume of 17,472. The company has a current ratio of 1.15, a quick ratio of 0.66 and a debt-to-equity ratio of 0.36. Stora Enso OYJ has a fifty-two week low of $11.10 and a fifty-two week high of $18.43. The company has a market capitalization of $14,423.84, a price-to-earnings ratio of 20.29, a P/E/G ratio of 1.97 and a beta of 1.34.

Stora Enso OYJ (OTCMKTS:SEOAY) last released its quarterly earnings results on Friday, February 9th. The basic materials company reported $0.31 earnings per share (EPS) for the quarter. Stora Enso OYJ had a net margin of 6.26% and a return on equity of 12.35%. The company had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.94 billion. equities research analysts expect that Stora Enso OYJ will post 1.24 EPS for the current year.

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About Stora Enso OYJ

Stora Enso Oyj is a provider of renewable solutions in packaging, biomaterials, wooden constructions and paper on global markets. The Company’s segments include Consumer Board, Packaging Solutions, Biomaterials, Wood Products, Paper and Other. The Consumer Board segment develops and provides consumer packaging boards for printing and packaging applications.

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