Metso Oyj (OTCMKTS:MXCYY) Cut to “Neutral” at JPMorgan Chase & Co.

Metso Oyj (OTCMKTS:MXCYY) was downgraded by JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research note issued to investors on Wednesday, The Fly reports.

Several other analysts have also recently weighed in on the company. Zacks Investment Research cut Metso Oyj from a “buy” rating to a “hold” rating in a report on Wednesday, September 25th. Credit Suisse Group cut Metso Oyj from a “neutral” rating to an “underperform” rating in a report on Wednesday. Jefferies Financial Group raised Metso Oyj from a “hold” rating to a “buy” rating in a report on Monday, July 1st. Kepler Capital Markets raised Metso Oyj from a “reduce” rating to a “buy” rating in a report on Tuesday, September 3rd. Finally, ValuEngine cut Metso Oyj from a “hold” rating to a “sell” rating in a report on Wednesday, September 4th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Metso Oyj presently has a consensus rating of “Hold” and a consensus price target of $11.00.

OTCMKTS:MXCYY traded down $0.04 during mid-day trading on Wednesday, hitting $8.66. 150 shares of the stock were exchanged, compared to its average volume of 629. The stock has a market capitalization of $5.20 billion, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 1.09 and a beta of 1.75. The firm’s 50-day simple moving average is $9.43 and its 200 day simple moving average is $9.18. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.84 and a current ratio of 1.51. Metso Oyj has a fifty-two week low of $6.22 and a fifty-two week high of $10.48.

Metso Oyj (OTCMKTS:MXCYY) last released its quarterly earnings results on Thursday, July 25th. The industrial products company reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.03. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Metso Oyj had a return on equity of 21.12% and a net margin of 8.05%. On average, analysts predict that Metso Oyj will post 0.56 EPS for the current fiscal year.

Metso Oyj Company Profile

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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Analyst Recommendations for Metso Oyj (OTCMKTS:MXCYY)

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