Stora Enso Oyj (OTCMKTS:SEOAY) Upgraded at The Goldman Sachs Group

Key Points

• The Goldman Sachs Group set Stora Enso to a "strong sell" rating; overall analyst consensus is "Reduce" with one Buy, three Hold and two Sell ratings, and a consensus price target of $10.80.
• Stora Enso missed quarterly EPS at ($0.03) versus $0.04 expected while beating revenue at $2.66 billion (est. $2.26B); the stock opened at $11.48, with a market cap of $9.05 billion and a trailing PE of 11.37.

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) was upgraded by stock analysts at The Goldman Sachs Group to a "strong sell" rating in a note issued to investors on Tuesday,Zacks.com reports.

Separately, Citigroup reissued a "buy" rating on shares of Stora Enso Oyj in a research report on Monday, January 26th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus price target of $10.80.

Stora Enso Oyj Stock Performance

Shares of SEOAY opened at $11.48 on Tuesday. The company has a market capitalization of $9.05 billion, a PE ratio of 11.37 and a beta of 0.66. Stora Enso Oyj has a one year low of $7.97 and a one year high of $14.41. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.21 and a quick ratio of 0.66. The company's fifty day moving average price is $12.63 and its 200 day moving average price is $11.93.

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) last released its earnings results on Wednesday, February 4th. The basic materials company reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.07). The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.26 billion. Stora Enso Oyj had a return on equity of 3.18% and a net margin of 7.58%. As a group, analysts expect 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.