Salzgitter AG (OTCMKTS:SZGPY – Get 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%
Salzgitter (OTCMKTS:SZGPY – Get 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
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.
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