Stora Enso Oyj (OTCMKTS:SEOAY) Shares Gap Up - Still a Buy?

Key Points

• Stora Enso Oyj shares opened at $11.81, marking a notable gap up from the previous close of $11.39.
• Wall Street analysts show a bearish outlook on Stora Enso Oyj, with a consensus average rating of "Sell" following multiple downgrades by brokerages.
• The company reported $0.06 EPS in its last quarterly earnings, missing expectations, although it achieved revenue of $2.84 billion, exceeding analyst estimates of $2.47 billion.

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $11.39, but opened at $11.81. Stora Enso Oyj shares last traded at $11.80, with a volume of 887 shares changing hands.

Analyst Upgrades and Downgrades

SEOAY has been the topic of a number of recent research reports. UBS Group downgraded Stora Enso Oyj from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. BNP Paribas cut shares of Stora Enso Oyj from a "hold" rating to a "strong sell" rating in a research report on Wednesday, June 25th. Finally, Wall Street Zen cut shares of Stora Enso Oyj from a "hold" rating to a "sell" rating in a research report on Monday, July 28th. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Sell".

Stora Enso Oyj Stock Performance

The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.80 and a current ratio of 1.18. The stock's fifty day moving average price is $11.00 and its 200-day moving average price is $10.30. The company has a market capitalization of $9.64 billion, a P/E ratio of -76.44 and a beta of 0.84.

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The basic materials company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). Stora Enso Oyj had a negative net margin of 1.18% and a negative return on equity of 3.87%. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.47 billion. As a group, research analysts anticipate that Stora Enso Oyj will post 0.67 EPS 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.