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Stora Enso Oyj (OTCMKTS:SEOAY) Upgraded by Danske to "Buy"

Defense World ·  Sep 14, 2022 03:21

Danske upgraded shares of Stora Enso Oyj (OTCMKTS:SEOAY – Get Rating) from a hold rating to a buy rating in a research note issued to investors on Tuesday, The Fly reports.

Several other research firms have also issued reports on SEOAY. BNP Paribas lowered shares of Stora Enso Oyj from an outperform rating to a neutral rating in a research report on Tuesday, July 26th. Exane BNP Paribas lowered shares of Stora Enso Oyj from an outperform rating to a neutral rating and set a €17.00 ($17.35) price target on the stock. in a research report on Tuesday, July 26th. Finally, Morgan Stanley raised their price target on shares of Stora Enso Oyj from €15.90 ($16.22) to €16.00 ($16.33) and gave the stock an underweight rating in a research report on Tuesday, July 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $17.88.

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Stora Enso Oyj Stock Performance

OTCMKTS:SEOAY opened at $14.49 on Tuesday. The company has a current ratio of 1.38, a quick ratio of 0.89 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $11.43 billion, a PE ratio of 6.71, a PEG ratio of 3.38 and a beta of 1.13. The firm's fifty day simple moving average is $15.20 and its 200 day simple moving average is $17.46. Stora Enso Oyj has a 1 year low of $13.56 and a 1 year high of $21.65.

Stora Enso Oyj (OTCMKTS:SEOAY – Get Rating) last posted its quarterly earnings results on Friday, July 22nd. The basic materials company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.10). The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.08 billion. Stora Enso Oyj had a return on equity of 10.81% and a net margin of 13.60%. On average, sell-side analysts anticipate that Stora Enso Oyj will post 1.55 EPS for the current year.

Stora Enso Oyj Company Profile

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Stora Enso Oyj provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries worldwide. 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 renewable and recyclable packaging materials for food and drink, pharmaceutical, and transport packaging.

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