Zacks Investment Research upgraded shares of Metso Oyj (OTCMKTS:MXCYY) from a hold rating to a buy rating in a research note published on Friday morning. Zacks Investment Research currently has $10.00 price target 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.
Shares of Metso Oyj (OTCMKTS:MXCYY) traded up $0.27 during mid-day trading on Friday, hitting $9.01. The company’s stock had a trading volume of 700 shares, compared to its average volume of 2,851. The stock has a market capitalization of $5,460.00, a price-to-earnings ratio of 39.17, a price-to-earnings-growth ratio of 1.54 and a beta of 0.68. Metso Oyj has a 12 month low of $6.89 and a 12 month high of $9.36. 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 (OTCMKTS:MXCYY) last issued its quarterly earnings data on Thursday, October 19th. The industrial products company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.05). The firm had revenue of $790.60 million for the quarter. Metso Oyj had a return on equity of 8.36% and a net margin of 4.28%. research analysts forecast that Metso Oyj will post 0.22 EPS for the current fiscal year.
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About Metso Oyj
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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