Stora Enso Oyj (OTCMKTS:SEOAY) Shares Gap Up After Analyst Upgrade

Shares of Stora Enso Oyj (OTCMKTS:SEOAY) gapped up prior to trading on Tuesday after The Goldman Sachs Group upgraded the stock to a strong sell rating. The stock had previously closed at $11.07, but opened at $11.4350. Stora Enso Oyj shares last traded at $11.54, with a volume of 5,684 shares changing hands.

Separately, Citigroup reissued a “buy” rating on shares of Stora Enso Oyj in a research note on Monday, January 26th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $10.80.

Stora Enso Oyj Stock Up 3.5%

The firm has a market capitalization of $9.37 billion, a PE ratio of 11.76 and a beta of 0.66. The business’s 50 day simple moving average is $12.62 and its 200 day simple moving average is $11.93. The company has a current ratio of 1.21, a quick ratio of 0.66 and a debt-to-equity ratio of 0.33.

Stora Enso Oyj (OTCMKTS:SEOAY) last announced its earnings results on Wednesday, February 4th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.07). Stora Enso Oyj had a net margin of 7.58% and a return on equity of 3.18%. The business had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.26 billion. On average, equities research analysts forecast that Stora Enso Oyj will post 0.67 earnings per share for the current year.

Stora Enso Oyj Company Profile

Stora Enso Oyj is a Finland‐based provider of renewable solutions in packaging, biomaterials, wooden construction and paper. The company draws on centuries of forest industry experience and leverages sustainable practices to produce a wide array of products, including paperboard for consumer goods, specialty papers for printing and publishing, and pulp for industrial applications. Its portfolio also encompasses wood products such as cross-laminated timber, sawn timber and building components, designed to meet growing demand for environmentally friendly construction materials.

Formed through the 1998 merger of Swedish mining and forestry giant Stora and Finnish paper maker Enso, Stora Enso combines deep heritage with ongoing investments in innovation.