Stora Enso OYJ (SEOAY) Downgraded to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Stora Enso OYJ (NASDAQ:SEOAY) from a buy rating to a hold rating in a report published on Thursday, September 7th.

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 raised Stora Enso OYJ from a hold rating to a buy rating in a report on Friday, June 2nd.

Shares of Stora Enso OYJ (SEOAY) remained flat at $14.09 during trading on Thursday. 4,374 shares of the company traded hands. Stora Enso OYJ has a 52 week low of $8.67 and a 52 week high of $14.11. The firm’s 50-day moving average price is $13.43 and its 200-day moving average price is $12.79. The firm has a market cap of $11.11 billion and a PE ratio of 19.27.

Stora Enso OYJ (NASDAQ:SEOAY) last issued its earnings results on Wednesday, July 26th. The basic materials company reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. The company had revenue of $2.78 billion during the quarter, compared to analyst estimates of $3.02 billion. Stora Enso OYJ had a return on equity of 10.16% and a net margin of 5.66%. On average, equities research analysts anticipate that Stora Enso OYJ will post $0.81 earnings per share for the current fiscal year.

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Stora Enso OYJ Company Profile

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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