Stora Enso Oyj (SEOAY) Lowered to “Sell” at Zacks Investment Research
Zacks Investment Research cut shares of Stora Enso Oyj (OTCMKTS:SEOAY) from a hold rating to a sell rating in a report published on Friday morning.
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. “
SEOAY has been the topic of a number of other reports. ValuEngine lowered shares of Stora Enso Oyj from a hold rating to a sell rating in a research note 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 on the stock.
Stora Enso Oyj (OTCMKTS:SEOAY) last issued its quarterly earnings results on Friday, October 26th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. The business had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $3.11 billion. Stora Enso Oyj had a net margin of 7.61% and a return on equity of 14.69%. On average, sell-side analysts predict that Stora Enso Oyj will post 1.43 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 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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