Oatly Group (NASDAQ:OTLY) Rating Increased to Strong-Buy at Barclays

Oatly Group (NASDAQ:OTLY) was upgraded by research analysts at Barclays to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

Several other research analysts also recently commented on OTLY. Royal Bank of Canada reiterated a “sector perform” rating and issued a $1.05 price objective on shares of Oatly Group in a report on Thursday, July 25th. BNP Paribas raised Oatly Group from a “neutral” rating to an “outperform” rating in a research note on Thursday, July 25th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1.27.

Oatly Group Stock Performance

NASDAQ:OTLY opened at $0.69 on Monday. The company has a market capitalization of $410.89 million, a price-to-earnings ratio of -1.00 and a beta of 2.09. The business has a 50 day moving average of $0.85 and a 200 day moving average of $0.96. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.62 and a quick ratio of 0.47. Oatly Group has a 1-year low of $0.50 and a 1-year high of $1.40.

Oatly Group (NASDAQ:OTLY) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.06) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.06). Oatly Group had a negative net margin of 50.33% and a negative return on equity of 76.54%. The firm had revenue of $208.00 million during the quarter, compared to analyst estimates of $207.87 million. During the same period in the previous year, the business posted ($0.07) EPS. On average, sell-side analysts predict that Oatly Group will post -0.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Oatly Group

Large investors have recently modified their holdings of the stock. PFG Investments LLC raised its stake in Oatly Group by 182.3% in the second quarter. PFG Investments LLC now owns 30,390 shares of the company’s stock worth $29,000 after buying an additional 19,625 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Oatly Group in the 2nd quarter worth approximately $41,000. Privium Fund Management B.V. purchased a new position in shares of Oatly Group in the 3rd quarter valued at approximately $60,000. SG Americas Securities LLC purchased a new position in shares of Oatly Group in the 2nd quarter valued at approximately $75,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Oatly Group by 144.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 201,038 shares of the company’s stock valued at $227,000 after purchasing an additional 118,886 shares in the last quarter. Institutional investors own 68.15% of the company’s stock.

About Oatly Group

Oatly Group AB, an oatmilk company, provides a range of plant-based dairy products made from oats in Europe, the Middle East, Africa, the Americas, and Asia. It offers Barista edition oatmilk, oatgurts, frozen desserts, ice-creams, and yogurts; cooking products, including cooking cream, in regular and organic, Crème Fraiche, whipping cream, vanilla custard, and spreads in a variety of flavors; and ready-to-go drinks.