Metso Corp. (MXCYY) Upgraded to Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of Metso Corp. (OTCMKTS:MXCYY) from a hold rating to a buy rating in a research report report published on Wednesday. The brokerage currently has $8.00 price objective on the stock.
According to Zacks, “Metso is a globally-leading supplier of processes, machinery and systems for the pulp and paper industry and a foremost expert in the key technologies of this sector. The Corporation is also a strong supplier in automation and flow control solutions, and one of the world’s leading suppliers of rock and mineral processing systems. The main customer sectors are the pulp and paper industry, construction and civil engineering, mining and the energy industry. “
Several other analysts also recently weighed in on MXCYY. Barclays PLC upgraded Metso Corp. from an underweight rating to an equal weight rating in a research report on Friday, July 22nd. Credit Suisse Group AG reiterated a neutral rating on shares of Metso Corp. in a research report on Tuesday.
Metso Corp. (OTCMKTS:MXCYY) opened at 7.10 on Wednesday. The company’s 50-day moving average is $7.10 and its 200 day moving average is $6.29. Metso Corp. has a 52 week low of $4.76 and a 52 week high of $7.38. The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of 23.15 and a beta of 2.12.
About Metso Corp.
Metso Oyj is a global supplier of sustainable technology and services for mining, aggregates, oil and gas, pulp, paper, as well as process industries. The Company’s segments include Minerals, Flow Control, and Group Head Office and other. The Minerals segment covers the Company’s mining, aggregates and recycling businesses.
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