Salzgitter AG (OTCMKTS:SZGPY) Given Average Rating of “Moderate Buy” by Analysts

Salzgitter AG (OTCMKTS:SZGPYGet Free Report) has earned an average rating of “Moderate Buy” from the eight analysts that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company.

Several research firms have weighed in on SZGPY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Salzgitter in a report on Friday, September 4th. Zacks Research raised Salzgitter to a “hold” rating in a report on Thursday, July 16th. Morgan Stanley upgraded Salzgitter from an “underweight” rating to an “overweight” rating in a research report on Monday, June 1st. Finally, Jefferies Financial Group raised shares of Salzgitter from a “hold” rating to a “buy” rating in a report on Monday, July 13th.

View Our Latest Analysis on Salzgitter

Salzgitter Stock Up 13.1%

SZGPY opened at $6.74 on Friday. The company has a market capitalization of $3.65 billion, a PE ratio of 56.17 and a beta of 1.70. The firm has a 50-day simple moving average of $6.19 and a two-hundred day simple moving average of $5.86. Salzgitter has a 52 week low of $2.68 and a 52 week high of $7.99.

Salzgitter (OTCMKTS:SZGPYGet Free Report) last issued its earnings results on Tuesday, August 11th. The basic materials company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.15). The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.42 billion. Salzgitter had a return on equity of 1.30% and a net margin of 0.65%. As a group, sell-side analysts expect that Salzgitter will post 0.22 earnings per share for the current year.

Salzgitter Company Profile

(Get Free Report)

Salzgitter AG is a Germany-based industrial group headquartered in Salzgitter, Lower Saxony. Its core business is the production and processing of steel products, including flat steel, heavy plate, structural steel, and precision steel tubes. The company supplies products to customers in industries such as automotive manufacturing, construction, mechanical engineering, energy, and infrastructure.

The Salzgitter Group operates through several business areas, including steel production, steel processing, trading, and technology.

Further Reading

Analyst Recommendations for Salzgitter (OTCMKTS:SZGPY)

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