Yara International ASA (OTCMKTS:YARIY) Cut to Sector Underperform at Scotiabank

Yara International ASA (OTCMKTS:YARIY) was downgraded by equities researchers at Scotiabank from a “sector perform” rating to a “sector underperform” rating in a note issued to investors on Wednesday, The Fly reports.

Several other research firms also recently commented on YARIY. SEB Equities raised Yara International ASA from a “hold” rating to a “buy” rating in a research note on Thursday, September 2nd. UBS Group cut Yara International ASA from a “buy” rating to a “neutral” rating in a report on Wednesday, September 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Yara International ASA in a report on Friday, July 2nd. Pareto Securities upgraded Yara International ASA from a “hold” rating to a “buy” rating in a report on Tuesday, June 22nd. Finally, Morgan Stanley reiterated an “equal weight” rating on shares of Yara International ASA in a report on Wednesday, June 16th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Yara International ASA has an average rating of “Hold” and a consensus price target of $30.00.

Shares of OTCMKTS:YARIY opened at $23.66 on Wednesday. The company has a market cap of $12.05 billion, a P/E ratio of 10.85 and a beta of 1.04. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.53 and a quick ratio of 0.90. Yara International ASA has a 1 year low of $17.18 and a 1 year high of $28.56. The stock’s fifty day moving average price is $25.31 and its 200-day moving average price is $26.16.

Yara International ASA (OTCMKTS:YARIY) last announced its quarterly earnings results on Friday, July 16th. The basic materials company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). Yara International ASA had a net margin of 8.68% and a return on equity of 12.45%. The business had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.69 billion. On average, sell-side analysts anticipate that Yara International ASA will post 2.38 earnings per share for the current year.

About Yara International ASA

Yara International ASA engages in the production, distribution, and sale of fertilizers. It operates through the following segments: Sales and Marketing, Industrial, Production, and Supply Chain. The Sales and Marketing segment consists of marketing organization and distribution network for fertilizer products and agronomic solutions.

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