Metso Oyj (OTCMKTS:MXCYY) Upgraded by Zacks Investment Research to Hold

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Zacks Investment Research upgraded shares of Metso Oyj (OTCMKTS:MXCYY) from a sell rating to a hold rating in a research note issued to investors on Tuesday, 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. “

Other equities research analysts have also issued reports about the company. Kepler Capital Markets upgraded Metso Oyj from a reduce rating to a buy rating in a research report on Tuesday, September 3rd. ValuEngine upgraded shares of Metso Oyj from a sell rating to a hold rating in a report on Tuesday. JPMorgan Chase & Co. downgraded shares of Metso Oyj from an overweight rating to a neutral rating in a research report on Wednesday, October 2nd. Finally, Credit Suisse Group downgraded shares of Metso Oyj from a neutral rating to an underperform rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $11.00.

MXCYY stock opened at $9.07 on Tuesday. Metso Oyj has a 52-week low of $6.22 and a 52-week high of $10.48. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.74 and a quick ratio of 1.07. The firm has a market capitalization of $5.82 billion, a P/E ratio of 20.16, a P/E/G ratio of 0.89 and a beta of 1.79. The company’s 50 day simple moving average is $9.68 and its 200-day simple moving average is $9.33.

Metso Oyj (OTCMKTS:MXCYY) last released its earnings results on Friday, October 25th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.01. Metso Oyj had a return on equity of 20.00% and a net margin of 8.18%. The company had revenue of $1.04 billion during the quarter. Sell-side analysts predict that Metso Oyj will post 0.55 EPS for the current fiscal year.

About Metso Oyj

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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