Oatly Group (NASDAQ:OTLY – Get Rating) was upgraded by stock analysts at Mizuho from a "neutral" rating to a "buy" rating in a research report issued on Wednesday, MarketBeat.com reports. The firm presently has a $6.00 target price on the stock, up from their previous target price of $2.50.

A number of other brokerages have also recently commented on OTLY. Cowen cut their price target on shares of Oatly Group from $5.00 to $3.00 in a research note on Monday, November 21st. Piper Sandler raised their target price on shares of Oatly Group from $3.00 to $4.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 10th. Royal Bank of Canada dropped their price objective on shares of Oatly Group from $8.00 to $7.00 in a research note on Wednesday, November 16th. Credit Suisse Group dropped their price objective on shares of Oatly Group from $3.43 to $3.30 and set a "neutral" rating for the company in a research note on Tuesday, November 15th. Finally, Cowen decreased their target price on shares of Oatly Group from $5.00 to $3.00 in a report on Monday, November 21st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of 6.94.

Oatly Group Stock Down 3.5 %

Oatly Group stock opened at 2.49 on Wednesday. The company has a market cap of $1.47 billion, a P/E ratio of -4.29 and a beta of 0.31. The company has a current ratio of 1.56, a quick ratio of 1.18 and a debt-to-equity ratio of 0.14. The company has a fifty day simple moving average of 1.84 and a 200 day simple moving average of 2.65. Oatly Group has a 1-year low of 1.28 and a 1-year high of 7.98.

Hedge Funds Weigh In On Oatly Group

Institutional investors have recently added to or reduced their stakes in the stock. Montag A & Associates Inc. grew its position in Oatly Group by 3,034.7% during the second quarter. Montag A & Associates Inc. now owns 9,404 shares of the company's stock valued at $33,000 after buying an additional 9,104 shares during the period. OLD Mission Capital LLC purchased a new stake in Oatly Group during the second quarter valued at about $41,000. Kistler Tiffany Companies LLC lifted its holdings in Oatly Group by 257.6% during the second quarter. Kistler Tiffany Companies LLC now owns 13,081 shares of the company's stock valued at $45,000 after purchasing an additional 9,423 shares during the last quarter. M&T Bank Corp purchased a new stake in Oatly Group during the second quarter valued at about $52,000. Finally, HighTower Trust Company N.A. purchased a new stake in Oatly Group during the third quarter valued at about $53,000. Institutional investors own 20.51% of the company's stock.

Oatly Group Company Profile

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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.

Further Reading

• Get a free copy of the StockNews.com research report on Oatly Group (OTLY)
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