Yara International ASA (OTCMKTS:YARIY) Raised to Strong-Buy at Zacks Research

Yara International ASA (OTCMKTS:YARIY) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other brokerages have also issued reports on YARIY. Pareto Securities raised Yara International ASA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 7th. Citigroup lowered Yara International ASA from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Finally, Jefferies Financial Group cut Yara International ASA from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Three investment analysts have rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Yara International ASA Trading Up 1.6%

Yara International ASA stock opened at $23.19 on Tuesday. The firm has a market cap of $11.81 billion, a price-to-earnings ratio of 7.70 and a beta of 0.57. Yara International ASA has a 1 year low of $17.48 and a 1 year high of $31.28. The firm’s 50 day moving average price is $24.74 and its two-hundred day moving average price is $25.35. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.02 and a current ratio of 1.79.

Yara International ASA (OTCMKTS:YARIY) last announced its quarterly earnings data on Friday, April 24th. The basic materials company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06. The company had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $3.95 billion. Yara International ASA had a return on equity of 16.90% and a net margin of 9.11%. On average, research analysts predict that Yara International ASA will post 5.04 EPS for the current fiscal year.

About Yara International ASA

Yara International ASA is a Norway-based chemical company that specializes in the production and distribution of mineral fertilizers and nitrogen-based crop nutrition solutions. Headquartered in Oslo, Yara is recognized for its comprehensive portfolio of products that support agricultural productivity, environmental protection and industrial applications. The company’s operations span the entire value chain from ammonia production to the blending and distribution of finished fertilizer products.

The core of Yara’s business centers on nitrogen-based fertilizers including ammonium nitrate, urea, calcium ammonium nitrate and specialty blends designed to optimize crop yield and nutrient use efficiency.