Stora Enso Oyj (OTCMKTS:SEOAY) Raised to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Stora Enso Oyj (OTCMKTS:SEOAY) from a hold rating to a buy rating in a research note issued to investors on Thursday morning, Zacks.com reports. The firm currently has $15.00 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. “

A number of other research analysts have also issued reports on SEOAY. UBS Group restated a neutral rating on shares of Stora Enso Oyj in a research report on Wednesday, July 22nd. Pareto Securities upgraded shares of Stora Enso Oyj from a hold rating to a buy rating in a research report on Wednesday, July 1st. ValuEngine downgraded shares of Stora Enso Oyj from a sell rating to a strong sell rating in a report on Friday, July 10th. Bank of America downgraded shares of Stora Enso Oyj from a buy rating to a neutral rating in a report on Monday, June 8th. Finally, Credit Suisse Group reaffirmed an outperform rating on shares of Stora Enso Oyj in a report on Wednesday, July 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. Stora Enso Oyj has an average rating of Hold and an average price target of $15.00.

Shares of OTCMKTS:SEOAY opened at $12.45 on Thursday. The company’s 50 day moving average price is $12.33 and its two-hundred day moving average price is $11.87. Stora Enso Oyj has a 12-month low of $7.82 and a 12-month high of $14.58. The firm has a market cap of $9.82 billion, a PE ratio of 8.30 and a beta of 1.40. The company has a quick ratio of 0.75, a current ratio of 1.23 and a debt-to-equity ratio of 0.44.

Stora Enso Oyj (OTCMKTS:SEOAY) last announced its earnings results on Tuesday, July 21st. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.05. Stora Enso Oyj had a net margin of 8.72% and a return on equity of 15.07%. The firm had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.28 billion. On average, research analysts expect that Stora Enso Oyj will post 0.52 EPS for the current year.

About Stora Enso Oyj

Stora Enso Oyj provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries worldwide. The company operates through five divisions: Consumer Board, Packaging Solutions, Biomaterials, Wood Products, and Paper. The Consumer Board division develops virgin fiber carton board used for packaging for liquid, food, pharmaceutical, and luxury goods.

See Also: Beige Book

Get a free copy of the Zacks research report on Stora Enso Oyj (SEOAY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Stora Enso Oyj (OTCMKTS:SEOAY)

Receive News & Ratings for Stora Enso Oyj Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stora Enso Oyj and related companies with MarketBeat.com's FREE daily email newsletter.