Zacks Investment Research Upgrades Metso Corp. (MXCYY) to Buy
Metso Corp. (OTCMKTS:MXCYY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday. The brokerage currently has a $8.00 target price on the stock. Zacks Investment Research’s price target would indicate a potential upside of 12.68% from the company’s current price.
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. “
Other research analysts have also issued reports about the stock. Barclays PLC upgraded shares of Metso Corp. from an “underweight” rating to an “equal weight” rating in a research note on Friday, July 22nd. Credit Suisse Group AG reissued 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% on Wednesday, reaching $7.10. 175 shares of the company’s stock traded hands. The firm’s 50-day moving average is $7.10 and its 200 day moving average is $6.29. Metso Corp. has a 52-week low of $4.76 and a 52-week high of $7.38. The stock has a market capitalization of $4.26 billion, a PE ratio of 23.20 and a beta of 2.12.
About Metso Corp.
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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