Salzgitter AG (OTCMKTS:SZGPY) Receives Average Recommendation of “Hold” from Analysts

Salzgitter AG (OTCMKTS:SZGPY) has earned an average rating of “Hold” from the eight analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company.

A number of brokerages have recently weighed in on SZGPY. UBS Group lowered Salzgitter from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Salzgitter in a research report on Wednesday. Citigroup reiterated a “neutral” rating on shares of Salzgitter in a research report on Thursday, January 22nd. Finally, Oddo Bhf upgraded Salzgitter from an “underperform” rating to an “outperform” rating in a research report on Monday, January 19th.

Salzgitter Stock Performance

Shares of SZGPY stock opened at $6.40 on Friday. The firm has a market cap of $3.46 billion, a P/E ratio of 71.11 and a beta of 1.56. Salzgitter has a fifty-two week low of $2.09 and a fifty-two week high of $6.86. The business’s 50 day moving average price is $5.19 and its 200-day moving average price is $4.97.

Salzgitter (OTCMKTS:SZGPY) last issued its quarterly earnings data on Tuesday, May 12th. The basic materials company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.09. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.53 billion. Salzgitter had a return on equity of 1.02% and a net margin of 0.49%. As a group, equities analysts predict that Salzgitter will post 0.2 EPS for the current year.

About Salzgitter

Salzgitter AG is a leading European steel producer headquartered in Salzgitter, Germany. The company operates an integrated steelworks, encompassing ironmaking, steelmaking, continuous casting and rolling mills. Its core business revolves around the production and processing of steel products for various industries, including automotive, construction, mechanical engineering and energy.

Founded in 1937 as part of Germany’s industrial expansion, Salzgitter evolved through post-war reconstruction and state ownership before being privatized in the late 1990s.