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

Yara International ASA (OTCMKTS:YARIY) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

Other equities analysts have also recently issued reports about the company. Citigroup cut Yara International ASA from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Jefferies Financial Group cut shares of Yara International ASA from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Finally, Pareto Securities upgraded shares of 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Yara International ASA currently has a consensus rating of “Buy”.

Yara International ASA Stock Up 1.6%

Shares of OTCMKTS YARIY opened at $23.19 on Tuesday. Yara International ASA has a 1 year low of $17.48 and a 1 year high of $31.28. The firm has a market cap of $11.81 billion, a price-to-earnings ratio of 7.70 and a beta of 0.57. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.02 and a current ratio of 1.79. The stock’s 50-day simple moving average is $24.74 and its 200-day simple moving average is $25.35.

Yara International ASA (OTCMKTS:YARIY) last issued its quarterly earnings data on Friday, April 24th. The basic materials company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06. Yara International ASA had a return on equity of 16.90% and a net margin of 9.11%.The firm had revenue of $4.26 billion during the quarter, compared to analyst estimates of $3.95 billion. As a group, equities analysts anticipate 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.