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 morning.

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

Shares of Stora Enso OYJ (SEOAY) opened at 13.24 on Thursday. Stora Enso OYJ has a one year low of $8.64 and a one year high of $13.89. The firm has a 50-day moving average price of $13.40 and a 200 day moving average price of $12.62. The firm has a market cap of $10.44 billion and a P/E ratio of 18.57.

Stora Enso OYJ (NASDAQ:SEOAY) last released its quarterly earnings data on Wednesday, July 26th. The basic materials company reported $0.21 EPS for the quarter, meeting analysts’ consensus estimates of $0.21. Stora Enso OYJ had a return on equity of 10.16% and a net margin of 5.66%. The business had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $3.02 billion. On average, analysts forecast that Stora Enso OYJ will post $0.81 earnings per share for the current fiscal 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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