Stora Enso Oyj (OTCMKTS:SEOAY) Stock Rating Upgraded by Citigroup

Stora Enso Oyj (OTCMKTS:SEOAY) was upgraded by equities researchers at Citigroup from a “neutral” rating to a “buy” rating in a research report issued on Monday, Marketbeat reports.

Stora Enso Oyj Stock Down 2.4 %

Shares of OTCMKTS:SEOAY opened at $13.50 on Monday. The company has a 50 day moving average price of $14.03 and a two-hundred day moving average price of $13.44. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.14 and a current ratio of 1.54. The company has a market capitalization of $10.64 billion, a PE ratio of -21.42, a PEG ratio of 0.56 and a beta of 0.91. Stora Enso Oyj has a 52 week low of $11.06 and a 52 week high of $15.29.

Stora Enso Oyj (OTCMKTS:SEOAY) last posted its earnings results on Thursday, April 25th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.06. The firm had revenue of $2.35 billion during the quarter. Stora Enso Oyj had a negative return on equity of 6.18% and a negative net margin of 5.20%. Analysts forecast that Stora Enso Oyj will post 0.47 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 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.