Salzgitter AG (SZGPY) – What Are Researchers Saying About This Stock?

Salzgitter AG (OTCMKTS:SZGPY) has received a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company.

A number of research firms recently issued reports on SZGPY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Salzgitter in a research report on Friday, September 4th. UBS Group upgraded Salzgitter from a “hold” rating to a “buy” rating in a research note on Friday, October 9th. Jefferies Financial Group raised Salzgitter from a “hold” rating to a “buy” rating in a research report on Monday, July 13th. Finally, Zacks Research raised Salzgitter to a “hold” rating in a research report on Thursday, July 16th.

Salzgitter Stock Up 1.5%

Shares of OTCMKTS SZGPY opened at $5.41 on Tuesday. The firm’s 50-day moving average price is $6.02 and its two-hundred day moving average price is $5.93. Salzgitter has a 52-week low of $2.97 and a 52-week high of $7.99. The stock has a market capitalization of $2.93 billion, a P/E ratio of 45.08 and a beta of 1.70.

Salzgitter (OTCMKTS:SZGPY) last posted its earnings results on Tuesday, August 11th. The basic materials company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.15). The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.42 billion. Salzgitter had a net margin of 0.65% and a return on equity of 1.29%. As a group, equities research analysts expect that Salzgitter will post 0.14 earnings per share for the current year.

Salzgitter Company Profile

Salzgitter AG is a Germany-based steel and technology group headquartered in Salzgitter, Lower Saxony. Its activities are organized across steel production, steel processing, trading and technology. The company supplies steel products for applications in construction, automotive manufacturing, mechanical engineering, energy and other industrial markets.

Its steel business produces flat steel, plate, sections and other rolled products, while its processing operations manufacture tubes, precision steel products and related components.