Yara International ASA (OTCMKTS:YARIY) Shares Gap Up – Here’s What Happened

Yara International ASA (OTCMKTS:YARIY) gapped up prior to trading on Wednesday . The stock had previously closed at $22.13, but opened at $23.04. Yara International ASA shares last traded at $22.95, with a volume of 1,276 shares traded.

Analysts Set New Price Targets

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

Yara International ASA Stock Up 4.9%

The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.02 and a current ratio of 1.79. The company has a market cap of $11.82 billion, a P/E ratio of 8.44 and a beta of 0.57. The stock has a 50 day moving average price of $26.03 and a 200 day moving average price of $25.14.

Yara International ASA (OTCMKTS:YARIY) last announced its earnings results on Friday, April 24th. The basic materials company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.06. The business had revenue of $4.26 billion during the quarter, compared to analysts’ expectations of $3.95 billion. Yara International ASA had a return on equity of 23.06% and a net margin of 8.58%. Research analysts expect that Yara International ASA will post 3.33 earnings per share for the current fiscal year.

Yara International ASA Company Profile

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.