Stora Enso Oyj (OTCMKTS:SEOAY) Upgraded to “Hold” at BNP Paribas

BNP Paribas upgraded shares of Stora Enso Oyj (OTCMKTS:SEOAY) to a hold rating in a research note published on Tuesday morning, Zacks.com reports.

Several other brokerages also recently weighed in on SEOAY. Barclays upgraded Stora Enso Oyj from a “strong sell” rating to a “strong-buy” rating in a report on Monday, October 7th. Citigroup upgraded Stora Enso Oyj from a “neutral” rating to a “buy” rating in a report on Monday, July 1st.

Stora Enso Oyj Stock Performance

Shares of Stora Enso Oyj stock opened at $11.59 on Tuesday. The company has a current ratio of 1.54, a quick ratio of 1.14 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $9.14 billion, a P/E ratio of -46.34, a P/E/G ratio of 0.42 and a beta of 0.91. The business has a fifty day simple moving average of $12.51 and a two-hundred day simple moving average of $13.27. Stora Enso Oyj has a 12 month low of $11.19 and a 12 month high of $15.29.

Stora Enso Oyj (OTCMKTS:SEOAY) last issued its quarterly earnings results on Wednesday, July 24th. The basic materials company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.01. Stora Enso Oyj had a negative return on equity of 3.76% and a negative net margin of 2.17%. The firm had revenue of $2.48 billion during the quarter. On average, equities analysts forecast that Stora Enso Oyj will post 0.6 earnings per share for the current fiscal year.

About Stora Enso Oyj

Stora Enso Oyj provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries in Finland and internationally. It operates through Packaging Materials, Packaging Solutions, Biomaterials, Wood Products, Forest, Paper, and Other segments. The company's Packaging Materials segment offers virgin and recycled fiber replace fossil-based materials with low-carbon, renewable and recyclable packaging materials for food and beverage, pharmaceutical, and transport packaging.