Zacks: Metso Oyj (MXCYY) Given Consensus Rating of “Sell” by Brokerages
Metso Oyj (NASDAQ:MXCYY) has been given an average broker rating score of 4.00 (Sell) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a sell recommendation.
Brokers have set a twelve-month consensus price objective of $7.70 for the company, according to Zacks. Zacks has also given Metso Oyj an industry rank of 52 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research cut Metso Oyj from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th.
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Metso Oyj (NASDAQ:MXCYY) traded up 2.94% during trading on Tuesday, hitting $8.05. The stock had a trading volume of 126 shares. The stock’s 50-day moving average is $8.47 and its 200-day moving average is $8.16. The stock has a market capitalization of $4.83 billion and a PE ratio of 31.20. Metso Oyj has a 52-week low of $6.41 and a 52-week high of $9.15.
Metso Oyj (NASDAQ:MXCYY) last issued its quarterly earnings data on Friday, July 21st. The industrial products company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by $0.03. The company had revenue of $742.36 million for the quarter. Metso Oyj had a return on equity of 10.95% and a net margin of 5.33%. On average, analysts predict that Metso Oyj will post $0.30 earnings per share for the current fiscal year.
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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