Oatly Group (NASDAQ:OTLY) PT Lowered to $3.00 at Cowen

Oatly Group (NASDAQ:OTLYGet Rating) had its target price trimmed by Cowen from $5.00 to $3.00 in a research note released on Monday morning, Stock Target Advisor reports.

Several other equities research analysts have also recently weighed in on the company. Credit Suisse Group decreased their price target on Oatly Group from $3.43 to $3.30 and set a neutral rating on the stock in a research report on Tuesday, November 15th. Piper Sandler decreased their price target on Oatly Group from $8.00 to $6.00 and set an overweight rating on the stock in a research report on Wednesday, August 3rd. Cowen decreased their price target on Oatly Group from $5.00 to $3.00 in a research report on Monday. Royal Bank of Canada cut their price objective on Oatly Group from $8.00 to $7.00 in a report on Wednesday, November 16th. Finally, Mizuho cut their price objective on Oatly Group from $3.50 to $2.50 and set a neutral rating for the company in a report on Wednesday, November 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Oatly Group has an average rating of Moderate Buy and a consensus price target of 7.82.

Oatly Group Trading Down 4.2 %

Shares of OTLY opened at 1.60 on Monday. The business’s 50-day moving average price is 2.29 and its 200-day moving average price is 3.19. Oatly Group has a twelve month low of 1.58 and a twelve month high of 10.23. The stock has a market cap of $946.84 million, a PE ratio of -2.76 and a beta of 0.69. The company has a quick ratio of 1.18, a current ratio of 1.56 and a debt-to-equity ratio of 0.14.

Institutional Trading of Oatly Group

Several hedge funds and other institutional investors have recently bought and sold shares of OTLY. Montag A & Associates Inc. boosted its stake in Oatly Group by 3,034.7% in the second quarter. Montag A & Associates Inc. now owns 9,404 shares of the company’s stock worth $33,000 after buying an additional 9,104 shares in the last quarter. OLD Mission Capital LLC purchased a new stake in Oatly Group in the second quarter worth approximately $41,000. Kistler Tiffany Companies LLC boosted its stake in Oatly Group by 257.6% in the second quarter. Kistler Tiffany Companies LLC now owns 13,081 shares of the company’s stock worth $45,000 after buying an additional 9,423 shares in the last quarter. M&T Bank Corp purchased a new stake in shares of Oatly Group during the second quarter valued at approximately $52,000. Finally, HighTower Trust Company N.A. purchased a new stake in shares of Oatly Group during the third quarter valued at approximately $53,000. Hedge funds and other institutional investors own 22.65% 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.

Featured Stories

Analyst Recommendations for Oatly Group (NASDAQ:OTLY)

Receive News & Ratings for Oatly Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oatly Group and related companies with MarketBeat.com's FREE daily email newsletter.