Salzgitter AG (OTCMKTS:SZGPY) Receives Consensus Rating of “Moderate Buy” from Analysts

Salzgitter AG (OTCMKTS:SZGPY) has been given an average rating of “Moderate Buy” by the seven research firms that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company.

SZGPY has been the topic of several research analyst reports. Morgan Stanley raised shares of Salzgitter from an “underweight” rating to an “overweight” rating in a research note on Monday, June 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Salzgitter in a research note on Wednesday, May 13th. Finally, Citigroup reiterated a “neutral” rating on shares of Salzgitter in a research note on Wednesday, May 20th.

Salzgitter Stock Performance

OTCMKTS:SZGPY opened at $4.94 on Friday. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 54.90 and a beta of 1.72. Salzgitter has a 1 year low of $2.25 and a 1 year high of $7.99. The business has a fifty day moving average of $6.18 and a 200-day moving average of $5.64.

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, beating analysts’ consensus estimates of $0.08 by $0.09. The business had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.53 billion. Salzgitter had a net margin of 0.49% and a return on equity of 1.00%.

Salzgitter Company Profile

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.