Yara International ASA (OTCMKTS:YARIY) Shares Gap Up - Still a Buy?

Key Points

• Shares gapped up — Yara opened at $29.45 after a prior close of $28.27 and was last at $29.46, up about 4.4% with ~12,300 shares traded.
• Analyst upgrades and solid fundamentals — multiple brokerages moved ratings to Strong Buy (five Strong Buys, one Hold, average "Strong Buy"), and the stock shows a $15.03B market cap, P/E of 10.97, is trading above its 50- and 200-day moving averages, and has low leverage (debt/equity 0.31).

Yara International ASA (OTCMKTS:YARIY - Get Free Report)'s share price gapped up prior to trading on Thursday . The stock had previously closed at $28.27, but opened at $29.45. Yara International ASA shares last traded at $29.46, with a volume of 12,318 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on YARIY. Zacks Research raised shares of Yara International ASA from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 18th. Pareto Securities raised shares of Yara International ASA from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. Arctic Securiti raised shares of Yara International ASA from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 12th. Finally, Rothschild & Co Redburn raised shares of Yara International ASA from a "strong sell" rating to a "hold" rating in a research note on Wednesday, February 4th. Five equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Yara International ASA has an average rating of "Strong Buy".

Yara International ASA Trading Up 4.4%

The stock has a market capitalization of $15.03 billion, a price-to-earnings ratio of 10.97 and a beta of 0.59. The company's 50-day moving average is $25.96 and its 200-day moving average is $21.62. The company has a quick ratio of 0.89, a current ratio of 1.72 and a debt-to-equity ratio of 0.31.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.