Metso Oyj (OTCMKTS:MXCYY) Cut to Sell at Zacks Investment Research

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Metso Oyj (OTCMKTS:MXCYY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday, Zacks.com reports.

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. “

Several other analysts have also recently issued reports on MXCYY. Kepler Capital Markets raised shares of Metso Oyj from a “reduce” rating to a “buy” rating in a research note on Tuesday, September 3rd. Jefferies Financial Group raised shares of Metso Oyj from a “hold” rating to a “buy” rating in a research note on Monday, July 1st. JPMorgan Chase & Co. cut shares of Metso Oyj from an “overweight” rating to a “neutral” rating in a research note on Wednesday, October 2nd. ValuEngine cut shares of Metso Oyj from a “hold” rating to a “sell” rating in a research note on Wednesday, September 4th. Finally, Credit Suisse Group cut shares of Metso Oyj from a “neutral” rating to an “underperform” rating in a research note on Wednesday, October 2nd. Three analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $11.00.

Shares of MXCYY opened at $8.90 on Wednesday. The stock has a fifty day moving average of $9.37 and a two-hundred day moving average of $9.19. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.84 and a current ratio of 1.51. The company has a market capitalization of $5.34 billion, a PE ratio of 19.78, a price-to-earnings-growth ratio of 1.07 and a beta of 1.75. Metso Oyj has a fifty-two week low of $6.22 and a fifty-two week high of $10.48.

Metso Oyj (OTCMKTS:MXCYY) last announced its quarterly earnings data on Thursday, July 25th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.03. Metso Oyj had a net margin of 8.05% and a return on equity of 21.12%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.03 billion. As a group, equities research analysts forecast that Metso Oyj will post 0.55 earnings per share for the current fiscal year.

Metso Oyj Company Profile

Metso Corporation, an industrial company, provides equipment and services for the mining, aggregates, recycling, and process industries worldwide. The company operates through two segment, Minerals and Flow Control. 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, rock breakers, air classifiers, lokotrack mobile plants, NW rapid and portable plants, stationary plants, slurry pumps, and preowned equipment, as well as wear and spare parts.

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Analyst Recommendations for Metso Oyj (OTCMKTS:MXCYY)

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