Metso Oyj (MXCYY) Downgraded to “Hold” at Zacks Investment Research
Zacks Investment Research lowered shares of Metso Oyj (OTCMKTS:MXCYY) from a buy rating to a hold rating in a research note released on Thursday.
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. “
Separately, ValuEngine cut Metso Oyj from a hold rating to a sell rating in a research note on Thursday, June 21st.
Metso Oyj (OTCMKTS:MXCYY) last issued its quarterly earnings results on Thursday, July 26th. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. The business had revenue of $925.86 million during the quarter. Metso Oyj had a return on equity of 13.05% and a net margin of 4.87%. analysts predict that Metso Oyj will post 0.41 earnings per share for the current year.
About Metso Oyj
Metso Corporation, an industrial company, provides equipment and services for mining, aggregates, recycling, oil, gas, pulp, paper, and process industries worldwide. The company operates through Minerals and Flow Control segments. 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, lokotrack mobile plants, NW portable and rapid plants, rock breakers, air classifiers, slurry pumps, and preowned equipment, as well as wear and spare parts.
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