Stora Enso Oyj (SEOAY) Upgraded to Buy at Goldman Sachs Group

Goldman Sachs Group upgraded shares of Stora Enso Oyj (OTCMKTS:SEOAY) from a neutral rating to a buy rating in a research report report published on Tuesday, Briefing.com Automated Import reports.

SEOAY has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of Stora Enso Oyj from a sell rating to a hold rating in a research note on Tuesday, April 2nd. ValuEngine cut shares of Stora Enso Oyj from a sell rating to a strong sell rating in a research note on Monday, April 1st.

Shares of SEOAY opened at $12.96 on Tuesday. Stora Enso Oyj has a fifty-two week low of $11.28 and a fifty-two week high of $21.48. The company has a market cap of $10.06 billion, a P/E ratio of 8.20, a price-to-earnings-growth ratio of 1.06 and a beta of 1.20. The company has a current ratio of 1.35, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34.

Stora Enso Oyj (OTCMKTS:SEOAY) last announced its earnings results on Friday, February 1st. The basic materials company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. Stora Enso Oyj had a net margin of 8.69% and a return on equity of 15.12%. The firm had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $2.92 billion. On average, research analysts forecast that Stora Enso Oyj will post 1.29 earnings per share for the current fiscal year.

About Stora Enso Oyj

Stora Enso Oyj provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries worldwide. The company operates through five divisions: Consumer Board, Packaging Solutions, Biomaterials, Wood Products, and Paper. The Consumer Board division develops virgin fiber carton board used for packaging for liquid, food, pharmaceutical, and luxury goods.

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