Stora Enso Oyj (OTCMKTS:SEOAY) Shares Gap Up - Here's What Happened

Key Points

• Stora Enso shares gapped up pre-market, opening at $11.435 from a prior close of $11.07 and last trading at $11.54 on light volume (5,684 shares).
• Citigroup reaffirmed a Buy, but the street consensus is a Hold (1 Buy, 3 Hold, 1 Sell) with an average price target of $10.80, below the current quote.
• The company reported quarterly EPS of ($0.03), missing estimates of $0.04 while beating revenue expectations with $2.66 billion versus $2.26 billion; market cap is $9.12 billion and trailing PE is 11.45.

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) shares gapped up prior to trading on Tuesday . 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.

Wall Street Analyst Weigh In

Separately, Citigroup reaffirmed a "buy" rating on shares of Stora Enso Oyj in a research note on Monday, January 26th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $10.80.

Stora Enso Oyj Trading Down 0.6%

The company has a market cap of $9.12 billion, a PE ratio of 11.45 and a beta of 0.66. The company's 50 day simple moving average is $12.66 and its two-hundred day simple moving average is $11.93. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.21 and a quick ratio of 0.66.

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) last released its quarterly earnings results on Wednesday, February 4th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.07). The company had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $2.26 billion. Stora Enso Oyj had a net margin of 7.58% and a return on equity of 3.18%. As a group, sell-side analysts anticipate that Stora Enso Oyj will post 0.67 EPS for the current fiscal 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.

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