Recently, this plant-based dairy company posted Q1 revenue, which surpassed expectations. Much of the reason for this is the secular trends underpinning food alternatives. This incredibly low share price, relative to Oatly’s 52-week high of more than $20 per share, has astounded many investors and analysts. Accordingly, this company is more ubiquitous than many think.Īs of late-June, this stock was trading under $5 per share. Anyone who picks up a latte with oat milk at their local coffee shop has probably consumed Oatly products. Oatly Group (NASDAQ: OTLY) is the largest oat milk producer in the world. Otly stock Rolled oats or oat flakes in bowl with wooden spoons Forecasts are for revenue growth to accelerate to the 30% to 40% range, due in part to this deal. This Flagstaff deal is expected to close in mid-to-late 2022. Various analysts point to the fact that this buyout has the potential to help NYCB recognize considerable cost savings, pursue share buybacks and produce additional earnings. Importantly, this bank has a pending buyout of Flagstar Bancorp. All these have indeed made analysts bullish on this stock as well. The company’s liability-sensitive balance sheet, an attractive valuation and growing profitability are some of the things which make NYCB stock a lucrative play. New York Community Bancorp has 237 branches in New Jersey, New York, Florida, Arizona and Ohio and is the parent of New York Community Bank. This bank specializes in non-luxury, multi-family and rent-regulated lending. New York Community Bancorp (NYSE: NYCB) is the largest thrift bank in the U.S., with a market capitalization around $4.4 billion at the time of writing.
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