Metso Oyj (MXCYY) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research lowered shares of Metso Oyj (OTCMKTS:MXCYY) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning, 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 research analysts have also recently weighed in on the stock. UBS Group raised shares of Metso Oyj from a sell rating to a neutral rating in a report on Friday, February 8th. ValuEngine cut shares of Metso Oyj from a hold rating to a sell rating in a report on Monday, December 31st.

Shares of MXCYY stock opened at $9.46 on Wednesday. The company has a current ratio of 1.64, a quick ratio of 0.93 and a debt-to-equity ratio of 0.27. Metso Oyj has a 1 year low of $6.22 and a 1 year high of $9.46. The firm has a market cap of $5.57 billion, a price-to-earnings ratio of 21.02, a price-to-earnings-growth ratio of 2.20 and a beta of 1.60.

Metso Oyj (OTCMKTS:MXCYY) last issued its earnings results on Wednesday, February 6th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. Metso Oyj had a net margin of 7.28% and a return on equity of 18.84%. The business had revenue of $1.02 billion for the quarter. As a group, sell-side analysts expect that Metso Oyj will post 0.52 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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