Oatly Group AB (NASDAQ:OTLY) Receives $2.11 Consensus Price Target from Brokerages

Oatly Group AB (NASDAQ:OTLY) has been given a consensus recommendation of “Hold” by the nine brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $2.11.

A number of research analysts recently issued reports on OTLY shares. Morgan Stanley reaffirmed an “equal weight” rating and issued a $1.25 price target on shares of Oatly Group in a report on Tuesday, February 20th. DA Davidson assumed coverage on shares of Oatly Group in a research report on Friday, March 1st. They set a “buy” rating and a $1.50 target price on the stock. Finally, Royal Bank of Canada raised their price target on shares of Oatly Group from $0.63 to $1.05 and gave the company a “sector perform” rating in a report on Friday, February 16th.

Institutional Investors Weigh In On Oatly Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Independent Advisor Alliance bought a new stake in shares of Oatly Group during the 4th quarter worth approximately $28,000. Tower Research Capital LLC TRC acquired a new stake in Oatly Group in the fourth quarter valued at $32,000. Prime Capital Investment Advisors LLC bought a new position in shares of Oatly Group in the 3rd quarter valued at about $43,000. Quadrature Capital Ltd acquired a new position in shares of Oatly Group during the 4th quarter worth about $44,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of Oatly Group in the 3rd quarter valued at about $68,000. 68.15% of the stock is currently owned by institutional investors and hedge funds.

Oatly Group Price Performance

Shares of OTLY stock opened at $1.23 on Wednesday. The stock’s fifty day simple moving average is $1.04 and its 200 day simple moving average is $1.00. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.75 and a quick ratio of 0.71. Oatly Group has a one year low of $0.44 and a one year high of $2.39. The firm has a market cap of $731.92 million, a price-to-earnings ratio of -1.54 and a beta of 2.19.

Oatly Group (NASDAQ:OTLY) last issued its quarterly earnings data on Tuesday, April 30th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.01. The firm had revenue of $199.16 million for the quarter, compared to analysts’ expectations of $198.43 million. Oatly Group had a negative net margin of 49.19% and a negative return on equity of 41.06%. During the same period in the prior year, the firm earned ($0.13) earnings per share. On average, analysts expect that Oatly Group will post -0.28 earnings per share for the current fiscal year.

Oatly Group Company Profile

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.