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

Stora Enso Oyj (OTCMKTS:SEOAY) was upgraded by equities researchers at Barclays from a “strong sell” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday, Zacks.com reports.

Separately, Citigroup raised shares of Stora Enso Oyj from a “neutral” rating to a “buy” rating in a research report on Monday, July 1st.

Stora Enso Oyj Stock Down 2.4 %

SEOAY stock opened at $13.18 on Monday. The company has a market cap of $10.39 billion, a P/E ratio of -20.92, a P/E/G ratio of 0.43 and a beta of 0.91. Stora Enso Oyj has a 52 week low of $11.19 and a 52 week high of $15.29. The company’s 50-day moving average price is $12.40 and its 200 day moving average price is $13.33. The company has a current ratio of 1.54, a quick ratio of 1.14 and a debt-to-equity ratio of 0.40.

Stora Enso Oyj (OTCMKTS:SEOAY) last announced its quarterly earnings results on Wednesday, July 24th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. The company had revenue of $2.48 billion for the quarter. Stora Enso Oyj had a negative net margin of 2.17% and a negative return on equity of 3.76%. On average, research analysts expect 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.