Yara International ASA (OTCMKTS:YARIY) Shares Gap Up – Time to Buy?

Yara International ASA (OTCMKTS:YARIY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $23.19, but opened at $24.03. Yara International ASA shares last traded at $23.94, with a volume of 3,332 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Pareto Securities raised Yara International ASA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 7th. Citigroup lowered Yara International ASA from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Zacks Research raised Yara International ASA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. Finally, Jefferies Financial Group downgraded Yara International ASA from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Three investment analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Yara International ASA has a consensus rating of “Buy”.

Yara International ASA Price Performance

The stock has a market capitalization of $12.19 billion, a PE ratio of 7.95 and a beta of 0.57. The company has a quick ratio of 1.02, a current ratio of 1.79 and a debt-to-equity ratio of 0.31. The stock’s 50-day moving average is $24.54 and its 200 day moving average is $25.37.

Yara International ASA (OTCMKTS:YARIY) last released its earnings results on Friday, April 24th. The basic materials company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. The company had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $3.95 billion. Yara International ASA had a net margin of 9.11% and a return on equity of 16.90%. As a group, equities analysts predict that Yara International ASA will post 5.04 earnings per share for the current 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.