Metso Oyj (OTCMKTS:MXCYY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Friday. The brokerage currently has a $10.00 price objective on the industrial products company’s stock. Zacks Investment Research‘s price target indicates a potential upside of 10.99% 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. “
Separately, Barclays lowered Metso Oyj from an “equal weight” rating to an “underweight” rating in a report on Tuesday, December 5th.
Metso Oyj (OTCMKTS:MXCYY) last posted its quarterly earnings results on Thursday, October 19th. The industrial products company reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.05). Metso Oyj had a return on equity of 8.36% and a net margin of 4.28%. The company had revenue of $790.60 million during the quarter. research analysts anticipate that Metso Oyj will post 0.22 EPS for the current fiscal year.
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Metso Oyj Company Profile
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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