Metso Oyj (OTCMKTS:MXCYY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday. The firm presently has a $9.25 price target on the industrial products company’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 12.53% from the stock’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. “
Other research analysts have also recently issued research reports about the company. ValuEngine cut Metso Oyj from a “hold” rating to a “sell” rating in a research report on Tuesday, September 11th. JPMorgan Chase & Co. raised Metso Oyj from an “underweight” rating to an “overweight” rating in a research report on Tuesday, October 2nd.
Metso Oyj (OTCMKTS:MXCYY) last posted its quarterly earnings data on Thursday, July 26th. The industrial products company reported $0.11 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.11. Metso Oyj had a return on equity of 13.05% and a net margin of 4.87%. The business had revenue of $925.86 million for the quarter. As a group, research analysts predict that Metso Oyj will post 0.43 earnings per share for the current year.
About Metso Oyj
Metso Corporation, an industrial company, provides equipment and services for mining, aggregates, recycling, oil, gas, pulp, paper, and process industries worldwide. The company operates through Minerals and Flow Control segments. It offers mining solutions, including crushing, screening, grinding, classification, beneficiation, dewatering, pyro processing, bulk materials handling, and slurry pumping solutions, as well as wear and spare parts; and aggregates, such as crushers, screens, feeders, lokotrack mobile plants, NW portable and rapid plants, rock breakers, air classifiers, slurry pumps, and preowned equipment, as well as wear and spare parts.
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