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

Oatly Group AB (NASDAQ:OTLY) has earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $1.96.

Several analysts recently weighed in on the stock. BNP Paribas upgraded shares of Oatly Group from a “neutral” rating to an “outperform” rating in a report on Thursday, July 25th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $1.05 price target on shares of Oatly Group in a report on Thursday, July 25th.

Hedge Funds Weigh In On Oatly Group

Large investors have recently modified their holdings of the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Oatly Group by 14.5% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 6,603,043 shares of the company’s stock worth $6,207,000 after buying an additional 834,947 shares during the last quarter. SG Americas Securities LLC purchased a new position in Oatly Group in the 2nd quarter worth about $75,000. GSA Capital Partners LLP purchased a new position in Oatly Group in the 1st quarter worth about $998,000. Mirae Asset Global Investments Co. Ltd. raised its position in Oatly Group by 144.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 201,038 shares of the company’s stock worth $227,000 after buying an additional 118,886 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in shares of Oatly Group during the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 68.15% of the company’s stock.

Oatly Group Price Performance

Shares of NASDAQ OTLY opened at $0.99 on Thursday. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.62. Oatly Group has a 52 week low of $0.44 and a 52 week high of $1.66. The firm’s fifty day moving average is $1.00 and its 200 day moving average is $1.07.

Oatly Group (NASDAQ:OTLY) last issued its earnings results on Tuesday, April 30th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.01. The company had revenue of $199.16 million for the quarter, compared to the consensus estimate of $198.43 million. Oatly Group had a negative net margin of 41.71% and a negative return on equity of 35.74%. During the same period in the previous year, the firm earned ($0.13) earnings per share. As a group, analysts predict that Oatly Group will post -0.26 EPS 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.