Stora Enso Oyj (SEOAY) Lowered to Sell at Zacks Investment Research
Stora Enso Oyj (OTCMKTS:SEOAY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Saturday.
According to Zacks, “Stora Enso is an integrated forest products company producing magazine papers, newsprint, fine papers and packaging boards, areas in which the Group is a global market leader. Stora Enso also conducts extensive sawmilling operations. To strengthen its market position and better serve customers in the United States, the company acquired the U.S.-based, Consolidated Papers, Inc. in 2000. “
A number of other analysts have also weighed in on SEOAY. ValuEngine lowered shares of Stora Enso Oyj from a “hold” rating to a “sell” rating in a research report on Tuesday, November 6th. BNP Paribas started coverage on shares of Stora Enso Oyj in a research note on Tuesday, November 20th. They set an “outperform” rating for the company.
Stora Enso Oyj (OTCMKTS:SEOAY) last issued its earnings results on Friday, October 26th. The basic materials company reported $0.36 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.36. Stora Enso Oyj had a net margin of 7.61% and a return on equity of 14.69%. The firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3.11 billion. Equities analysts anticipate that Stora Enso Oyj will post 1.43 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 worldwide. The company operates through five divisions: Consumer Board, Packaging Solutions, Biomaterials, Wood Products, and Paper. The Consumer Board division develops virgin fiber carton board used for packaging for liquid, food, pharmaceutical, and luxury goods.
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