Stora Enso Oyj (OTCMKTS:SEOAY) Raised to “Strong-Buy” at Barclays

Barclays upgraded shares of Stora Enso Oyj (OTCMKTS:SEOAY) from a strong sell rating to a strong-buy rating in a report released on Monday morning, Zacks.com reports.

Separately, Citigroup raised Stora Enso Oyj from a neutral rating to a buy rating in a research note on Monday, July 1st.

Stora Enso Oyj Trading Down 1.3 %

Shares of SEOAY stock opened at $13.00 on Monday. The company has a market capitalization of $10.25 billion, a price-to-earnings ratio of -20.63, a PEG ratio of 0.45 and a beta of 0.91. The company has a current ratio of 1.54, a quick ratio of 1.14 and a debt-to-equity ratio of 0.40. The firm has a 50-day moving average price of $12.43 and a 200 day moving average price of $13.33. Stora Enso Oyj has a twelve month low of $11.19 and a twelve month high of $15.29.

Stora Enso Oyj (OTCMKTS:SEOAY) last posted its quarterly earnings data on Wednesday, July 24th. The basic materials company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. The business had revenue of $2.48 billion during the quarter. Stora Enso Oyj had a negative net margin of 2.17% and a negative return on equity of 3.76%. Research analysts forecast that Stora Enso Oyj will post 0.57 earnings per share for the current fiscal year.

Stora Enso Oyj Company Profile

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.