Zacks Investment Research Upgrades Metso Oyj (MXCYY) to Buy
Zacks Investment Research upgraded shares of Metso Oyj (OTCMKTS:MXCYY) from a hold rating to a buy rating in a report issued on Friday morning. Zacks Investment Research currently has $10.00 target price on the industrial products company’s 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. “
Separately, Barclays lowered Metso Oyj from an equal weight rating to an underweight rating in a report on Tuesday, December 5th.
Metso Oyj (OTCMKTS MXCYY) traded up $0.27 during midday trading on Friday, hitting $9.01. The company had a trading volume of 700 shares, compared to its average volume of 2,851. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.30 and a current ratio of 1.93. Metso Oyj has a 52-week low of $6.89 and a 52-week high of $9.36. The stock has a market capitalization of $5,460.00, a price-to-earnings ratio of 39.17, a P/E/G ratio of 1.54 and a beta of 0.68.
Metso Oyj (OTCMKTS:MXCYY) last released its quarterly earnings results on Thursday, October 19th. The industrial products company reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.05). Metso Oyj had a return on equity of 8.36% and a net margin of 4.28%. The company had revenue of $790.60 million for the quarter. equities analysts forecast that Metso Oyj will post 0.22 EPS for the current year.
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Metso Oyj Company Profile
Metso Oyj is a global supplier of 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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