Oatly Group’s (OTLY) “Neutral” Rating Reiterated at Credit Suisse Group

Oatly Group (NASDAQ:OTLY – Get Rating)‘s stock had its “neutral” rating reiterated by stock analysts at Credit Suisse Group in a note issued to investors on Thursday, Benzinga reports. They currently have a $3.30 target price on the stock. Credit Suisse Group’s price objective would suggest a potential upside of 42.86% from the stock’s previous close.

Other analysts also recently issued reports about the company. Piper Sandler increased their price target on Oatly Group from $3.00 to $4.00 and gave the stock an “overweight” rating in a report on Tuesday, January 10th. Cowen lowered their target price on Oatly Group from $5.00 to $3.00 in a report on Monday, November 21st. Cowen lowered their target price on Oatly Group from $5.00 to $3.00 in a report on Monday, November 21st. Mizuho upgraded Oatly Group from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $2.50 to $6.00 in a report on Wednesday, January 18th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $7.00 target price on shares of Oatly Group in a report on Monday, March 13th.

Oatly Group Price Performance

Oatly Group stock opened at $2.31 on Thursday. The stock’s 50 day moving average is $2.32 and its 200 day moving average is $2.23. Oatly Group has a one year low of $1.28 and a one year high of $5.80. The firm has a market cap of $1.37 billion, a P/E ratio of -3.98 and a beta of 0.78. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.56 and a quick ratio of 1.18.

Oatly Group (NASDAQ:OTLY – Get Rating) last issued its quarterly earnings results on Wednesday, March 15th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.07). Oatly Group had a negative return on equity of 32.36% and a negative net margin of 48.68%. The firm had revenue of $195.10 million during the quarter, compared to analyst estimates of $181.07 million. During the same quarter last year, the firm posted ($0.13) EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, research analysts expect that Oatly Group will post -0.43 EPS for the current year.

Institutional Investors Weigh In On Oatly Group

Hedge funds have recently added to or reduced their stakes in the company. ADE LLC acquired a new stake in Oatly Group in the fourth quarter valued at approximately $26,000. IPG Investment Advisors LLC purchased a new position in Oatly Group during the 4th quarter worth $30,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of Oatly Group by 230.2% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 19,809 shares of the company’s stock worth $35,000 after acquiring an additional 13,809 shares in the last quarter. First Manhattan Co. purchased a new stake in shares of Oatly Group in the fourth quarter valued at about $35,000. Finally, Mariner LLC lifted its position in shares of Oatly Group by 64.8% during the fourth quarter. Mariner LLC now owns 20,497 shares of the company’s stock valued at $36,000 after purchasing an additional 8,059 shares in the last quarter. Institutional investors and hedge funds own 20.51% of the company’s stock.

About Oatly Group

(Get Rating)

Oatly Group AB, an oatmilk company, provides a range of plant-based dairy products made from oats in Sweden. It offers Barista edition oatmilk, oatgurts, frozen desserts, ice-creams, and yogurts; ready-to-go drinks, such as cold brew latte, mocha latte, matcha latte, and mini oat drink in original and chocolate flavors; and cooking products, including Cooking Cream, in regular and organic, Crème Fraiche, Whipping Cream, Vanilla Custard and Spreads in a variety of flavors.