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

Key Points

• Stora Enso Oyj's share price opened at $11.00 after closing at $10.10, reflecting increased investor interest.
• Analysts have mixed views on the stock, with BNP Paribas upgrading it to a "hold" rating while UBS Group downgraded it from "strong-buy" to "hold." The consensus price target is $10.80.
• The company recently announced a dividend of $0.0883 per share, resulting in a substantial 79.0% dividend yield.

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report)'s share price gapped up before the market opened on Thursday . The stock had previously closed at $10.10, but opened at $11.00. Stora Enso Oyj shares last traded at $11.06, with a volume of 8,648 shares traded.

Analysts Set New Price Targets

A number of research analysts have weighed in on SEOAY shares. BNP Paribas upgraded shares of Stora Enso Oyj from a "strong sell" rating to a "hold" rating and set a $10.80 target price on the stock in a research note on Monday, September 29th. UBS Group cut shares of Stora Enso Oyj from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. 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. Finally, Berenberg Bank upgraded shares of Stora Enso Oyj to a "hold" rating in a research report on Friday, August 29th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Stora Enso Oyj presently has an average rating of "Reduce" and a consensus price target of $10.80.

Stora Enso Oyj Price Performance

The company has a debt-to-equity ratio of 0.36, a current ratio of 1.18 and a quick ratio of 0.80. The firm's 50 day moving average is $11.13 and its 200 day moving average is $10.44. The firm has a market cap of $8.73 billion, a P/E ratio of -69.22 and a beta of 0.81.

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

Stora Enso Oyj Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, October 9th. Stockholders of record on Friday, September 26th were issued a dividend of $0.0883 per share. This represents a dividend yield of 79.0%. The ex-dividend date of this dividend was Thursday, September 25th. Stora Enso Oyj's payout ratio is presently -75.00%.

Stora Enso Oyj Company Profile

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.

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