Zacks Investment Research Downgrades Metso Oyj (MXCYY) to Hold
Metso Oyj (OTCMKTS:MXCYY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Thursday.
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. “
Separately, ValuEngine raised shares of Metso Oyj from a “sell” rating to a “hold” rating in a research note on Wednesday.
Metso Oyj (OTCMKTS:MXCYY) last issued its quarterly earnings data on Thursday, July 26th. The industrial products company reported $0.11 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.11. The firm had revenue of $925.86 million for the quarter. Metso Oyj had a net margin of 4.87% and a return on equity of 13.05%. equities analysts anticipate that Metso Oyj will post 0.41 EPS for the current year.
About Metso Oyj
Metso Corporation, an industrial company, provides equipment and services for mining, aggregates, recycling, oil, gas, pulp, paper, and process industries worldwide. The company operates through Minerals and Flow Control segments. It offers mining solutions, including crushing, screening, grinding, classification, beneficiation, dewatering, pyro processing, bulk materials handling, and slurry pumping solutions, as well as wear and spare parts; and aggregates, such as crushers, screens, feeders, lokotrack mobile plants, NW portable and rapid plants, rock breakers, air classifiers, slurry pumps, and preowned equipment, as well as wear and spare parts.
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