The Goldman Sachs Group Upgrades Stora Enso Oyj (OTCMKTS:SEOAY) to Strong Sell

Stora Enso Oyj (OTCMKTS:SEOAY) was upgraded by research analysts at The Goldman Sachs Group to a “strong sell” rating in a report issued on Tuesday,Zacks.com reports.

Separately, Citigroup reaffirmed a “buy” rating on shares of Stora Enso Oyj in a report on Monday, January 26th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $10.80.

Stora Enso Oyj Stock Performance

OTCMKTS SEOAY opened at $11.88 on Tuesday. The company has a market cap of $9.37 billion, a P/E ratio of 11.76 and a beta of 0.66. Stora Enso Oyj has a 1-year low of $7.97 and a 1-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 stock has a 50-day moving average of $12.62 and a two-hundred day moving average of $11.93.

Stora Enso Oyj (OTCMKTS:SEOAY) last posted its quarterly earnings data on Wednesday, February 4th. The basic materials company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.07). Stora Enso Oyj had a net margin of 7.58% and a return on equity of 3.18%. The business had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.26 billion. As a group, analysts anticipate that Stora Enso Oyj will post 0.67 EPS 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.