Metso Oyj (MXCYY) Cut to “Sell” at Zacks Investment Research
Zacks Investment Research lowered shares of Metso Oyj (NASDAQ:MXCYY) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning.
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. “
Metso Oyj (NASDAQ MXCYY) remained flat at $8.71 during midday trading on Tuesday. Metso Oyj has a 12-month low of $6.41 and a 12-month high of $9.15. The stock’s 50 day moving average price is $8.24 and its 200-day moving average price is $8.28. The firm has a market capitalization of $5.23 billion and a PE ratio of 34.06.
Metso Oyj (NASDAQ:MXCYY) last posted its quarterly earnings data on Friday, July 21st. The industrial products company reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.03). Metso Oyj had a net margin of 5.33% and a return on equity of 10.95%. The firm had revenue of $742.36 million during the quarter. Equities research analysts forecast that Metso Oyj will post $0.30 earnings per share for the current year.
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About Metso Oyj
Metso Oyj is a global supplier of technology and services for mining, aggregates, oil and gas, pulp, paper, as well as process industries. The Company’s segments include Minerals, Flow Control, and Group Head Office and other. The Minerals segment covers the Company’s mining, aggregates and recycling businesses.
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