Yara International ASA (OTCMKTS:YARIY) Downgraded by Zacks Research to Hold

Zacks Research cut shares of Yara International ASA (OTCMKTS:YARIY) from a strong-buy rating to a hold rating in a report published on Monday,Zacks.com reports.

A number of other brokerages have also recently issued reports on YARIY. Jefferies Financial Group cut shares of Yara International ASA from a “strong-buy” rating to a “hold” rating in a research report on Monday. Pareto Securities upgraded shares of Yara International ASA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 7th. Finally, Citigroup cut shares of Yara International ASA from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Two research analysts have rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Yara International ASA Stock Performance

Yara International ASA stock opened at $22.01 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.79 and a quick ratio of 1.02. The stock has a fifty day moving average price of $27.40 and a two-hundred day moving average price of $24.96. Yara International ASA has a 52-week low of $17.48 and a 52-week high of $31.28. The firm has a market capitalization of $11.21 billion, a P/E ratio of 8.00 and a beta of 0.53.

Yara International ASA (OTCMKTS:YARIY) last issued its quarterly earnings data on Friday, April 24th. The basic materials company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06. Yara International ASA had a return on equity of 23.06% and a net margin of 8.58%.The company had revenue of $4.26 billion during the quarter, compared to analysts’ expectations of $3.95 billion. As a group, analysts anticipate that Yara International ASA will post 3.33 EPS 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.