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

Shares of Oatly Group AB (NASDAQ:OTLY) have been assigned an average rating of “Moderate Buy” from the eight ratings firms that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $2.11.

Several brokerages have commented on OTLY. DA Davidson started coverage on shares of Oatly Group in a report on Friday, March 1st. They issued a “buy” rating and a $1.50 price target for the company. Royal Bank of Canada boosted their target price on Oatly Group from $0.63 to $1.05 and gave the stock a “sector perform” rating in a research report on Friday, February 16th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $1.25 price target on shares of Oatly Group in a research report on Tuesday, February 20th.

Oatly Group Price Performance

Oatly Group stock opened at $1.21 on Wednesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.75 and a quick ratio of 0.61. Oatly Group has a one year low of $0.44 and a one year high of $2.39. The firm has a market capitalization of $720.02 million, a P/E ratio of -1.58 and a beta of 2.19. The business has a fifty day moving average price of $1.05 and a 200-day moving average price of $1.02.

Oatly Group (NASDAQ:OTLY) last posted its earnings results on Tuesday, April 30th. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. Oatly Group had a negative return on equity of 41.06% and a negative net margin of 49.19%. The business had revenue of $199.16 million during the quarter, compared to analyst estimates of $198.43 million. During the same quarter in the previous year, the firm earned ($0.13) EPS. As a group, equities research analysts forecast that Oatly Group will post -0.28 EPS for the current year.

Hedge Funds Weigh In On Oatly Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Massachusetts Financial Services Co. MA boosted its stake in Oatly Group by 21.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 16,963,225 shares of the company’s stock worth $15,201,000 after buying an additional 2,986,805 shares in the last quarter. Pathstone Family Office LLC grew its holdings in shares of Oatly Group by 107.2% during the 3rd quarter. Pathstone Family Office LLC now owns 88,489 shares of the company’s stock valued at $79,000 after purchasing an additional 45,775 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Oatly Group by 56.0% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 3,502,522 shares of the company’s stock worth $3,139,000 after purchasing an additional 1,257,812 shares during the period. IPG Investment Advisors LLC lifted its stake in Oatly Group by 32.1% in the third quarter. IPG Investment Advisors LLC now owns 453,000 shares of the company’s stock worth $406,000 after purchasing an additional 110,000 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC purchased a new stake in Oatly Group during the third quarter valued at about $43,000. 68.15% of the stock is currently owned by hedge funds and other institutional investors.

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.