Metso Corp. (MXCYY) Stock Rating Upgraded by Zacks Investment Research
Metso Corp. (OTCMKTS:MXCYY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The firm currently has a $8.00 price objective on the stock. Zacks Investment Research’s price objective would suggest a potential upside of 12.68% from the company’s previous close.
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. “
Several other equities analysts have also weighed in on the stock. Barclays PLC upgraded shares of Metso Corp. from an “underweight” rating to an “equal weight” rating in a report on Friday, July 22nd. Credit Suisse Group AG restated a “neutral” rating on shares of Metso Corp. in a report on Tuesday.
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Metso Corp. (OTCMKTS:MXCYY) traded up 3.65% during trading on Wednesday, hitting $7.10. The company had a trading volume of 175 shares. The company has a market cap of $4.26 billion, a PE ratio of 23.20 and a beta of 2.12. Metso Corp. has a 12 month low of $4.76 and a 12 month high of $7.38. The company’s 50 day moving average price is $7.10 and its 200-day moving average price is $6.29.
Metso Corp. Company Profile
Metso Oyj is a global supplier of sustainable 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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