Zacks Investment Research upgraded shares of Metso Oyj (NASDAQ:MXCYY) from a sell rating to a hold rating in a research report released on Friday morning. Zacks Investment Research currently has $8.00 price objective on the stock.
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. “
Shares of Metso Oyj (NASDAQ:MXCYY) opened at 7.42 on Friday. The company has a market capitalization of $4.45 billion and a price-to-earnings ratio of 32.58. The stock’s 50 day moving average price is $7.51 and its 200 day moving average price is $7.16. Metso Oyj has a 1-year low of $5.35 and a 1-year high of $7.74.
About Metso Oyj
Metso Oyj is a global supplier of sustainable 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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