Yara International ASA (OTCMKTS:YARIY) Shares Gap Up – Should You Buy?

Yara International ASA (OTCMKTS:YARIY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $22.13, but opened at $23.04. Yara International ASA shares last traded at $22.95, with a volume of 1,276 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts recently commented on YARIY shares. Pareto Securities upgraded Yara International ASA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 7th. Citigroup cut Yara International ASA from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Zacks Research lowered Yara International ASA from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. Finally, Jefferies Financial Group downgraded Yara International ASA from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Two equities research analysts have rated the stock with a Strong Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Yara International ASA Price Performance

The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.02 and a current ratio of 1.79. The company’s fifty day moving average price is $26.03 and its 200 day moving average price is $25.14. The firm has a market capitalization of $11.82 billion, a price-to-earnings ratio of 8.44 and a beta of 0.57.

Yara International ASA (OTCMKTS:YARIY) last issued its earnings results on Friday, April 24th. The basic materials company reported $0.82 EPS for the quarter, beating 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 return on equity of 23.06% and a net margin of 8.58%. Equities research analysts expect that Yara International ASA will post 3.33 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.