Stora Enso Oyj (OTCMKTS:SEOAY) Rating Lowered to Sell at Wall Street Zen

Key Points

• Stora Enso Oyj has been downgraded from a "hold" to a "sell" rating by Wall Street Zen, with other firms like Barclays and BNP Paribas also lowering their ratings recently.
• The company reported earnings of $0.06 per share, missing expectations, despite revenue exceeding estimates at $2.84 billion for the quarter.
• Stora Enso Oyj's current stock price opened at $11.61, with a market cap of $9.16 billion and a 52-week low of $7.97.

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Monday.

A number of other research firms also recently weighed in on SEOAY. Barclays downgraded Stora Enso Oyj from an "overweight" rating to an "underweight" rating in a research note on Monday, April 7th. BNP Paribas downgraded Stora Enso Oyj from a "hold" rating to a "strong sell" rating in a research note on Wednesday, June 25th.

Stora Enso Oyj Stock Performance

SEOAY traded down $0.27 during trading on Monday, hitting $11.34. 30,850 shares of the stock were exchanged, compared to its average volume of 22,777. The firm has a market capitalization of $8.94 billion, a P/E ratio of -70.88 and a beta of 0.84. Stora Enso Oyj has a 1-year low of $7.97 and a 1-year high of $13.58. The stock has a fifty day moving average price of $10.51 and a two-hundred day moving average price of $10.21. The company has a quick ratio of 0.67, a current ratio of 1.09 and a debt-to-equity ratio of 0.38.

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 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.47 billion. Stora Enso Oyj had a negative return on equity of 3.89% and a negative net margin of 1.18%. As a group, sell-side analysts predict that Stora Enso Oyj will post 0.67 earnings per share for the current 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.