Yara International ASA (OTCMKTS:YARIY) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Yara International ASA (OTCMKTS:YARIY) from a hold rating to a strong-buy rating in a report issued on Tuesday morning,Zacks.com reports.

YARIY has been the subject of a number of other research reports. Citigroup cut shares of Yara International ASA from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Jefferies Financial Group downgraded Yara International ASA from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. Finally, Pareto Securities raised Yara International ASA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 7th. Three analysts have rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Yara International ASA Trading Up 1.6%

Shares of YARIY stock opened at $23.19 on Tuesday. The firm has a fifty day moving average of $24.74 and a 200-day moving average of $25.35. The stock has a market cap of $11.81 billion, a price-to-earnings ratio of 7.70 and a beta of 0.57. Yara International ASA has a 52-week low of $17.48 and a 52-week high of $31.28. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.02 and a current ratio of 1.79.

Yara International ASA (OTCMKTS:YARIY) last issued its earnings results on Friday, April 24th. The basic materials company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.06. The business had revenue of $4.26 billion for the quarter, compared to analyst estimates of $3.95 billion. Yara International ASA had a net margin of 9.11% and a return on equity of 16.90%. On average, equities research analysts forecast that Yara International ASA will post 5.04 earnings per share for the current fiscal year.

Yara International ASA Company Profile

Yara International ASA is a Norway-based chemical company that specializes in the production and distribution of mineral fertilizers and nitrogen-based crop nutrition solutions. Headquartered in Oslo, Yara is recognized for its comprehensive portfolio of products that support agricultural productivity, environmental protection and industrial applications. The company’s operations span the entire value chain from ammonia production to the blending and distribution of finished fertilizer products.

The core of Yara’s business centers on nitrogen-based fertilizers including ammonium nitrate, urea, calcium ammonium nitrate and specialty blends designed to optimize crop yield and nutrient use efficiency.