Wall Street Zen Downgrades Oil-Dri Corporation Of America (NYSE:ODC) to Buy

Oil-Dri Corporation Of America (NYSE:ODC) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday.

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Oil-Dri Corporation Of America in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Oil-Dri Corporation Of America Trading Down 0.2%

Oil-Dri Corporation Of America stock opened at $90.22 on Friday. The business has a 50-day simple moving average of $97.14 and a two-hundred day simple moving average of $78.91. The company has a market cap of $1.31 billion, a P/E ratio of 23.19 and a beta of 0.78. Oil-Dri Corporation Of America has a 52-week low of $45.61 and a 52-week high of $107.00. The company has a quick ratio of 2.40, a current ratio of 3.28 and a debt-to-equity ratio of 0.14.

Oil-Dri Corporation Of America (NYSE:ODC) last issued its quarterly earnings data on Monday, June 8th. The specialty chemicals company reported $1.00 earnings per share for the quarter. The firm had revenue of $126.33 million for the quarter. Oil-Dri Corporation Of America had a net margin of 11.35% and a return on equity of 20.53%. During the same quarter last year, the company earned $0.80 EPS.

Institutional Trading of Oil-Dri Corporation Of America

Institutional investors have recently made changes to their positions in the business. Jupiter Topco LLC purchased a new position in Oil-Dri Corporation Of America in the 2nd quarter worth approximately $408,000. PDT Partners LLC bought a new position in Oil-Dri Corporation Of America in the 2nd quarter worth approximately $3,353,000. Legal & General Group Plc bought a new position in Oil-Dri Corporation Of America in the 2nd quarter worth approximately $1,199,000. The Manufacturers Life Insurance Company purchased a new stake in Oil-Dri Corporation Of America during the 2nd quarter valued at approximately $273,000. Finally, Algert Global LLC purchased a new stake in Oil-Dri Corporation Of America during the 2nd quarter valued at approximately $417,000. Hedge funds and other institutional investors own 49.01% of the company’s stock.

Oil-Dri Corporation Of America Company Profile

Oil-Dri Corporation of America is a specialty materials company that develops, manufactures and markets sorbent and filtration products for industrial, environmental and consumer applications. Its flagship offerings include clay- and diatomaceous earth–based cat litters, calcium silicate absorbents for spill control and cleanup, and purification media designed to remove contaminants from petroleum, chemical and food-processing streams.

Founded in 1941 and headquartered in Chicago, Illinois, the company has evolved from a single-product operation into a diversified provider of mineral- and chemical-based solutions.