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

Shares of Salzgitter AG (OTCMKTS:SZGPY) have been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company.

Several research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Salzgitter in a research note on Wednesday, August 12th. Zacks Research raised shares of Salzgitter to a “hold” rating in a research report on Thursday, July 16th. Morgan Stanley upgraded shares of Salzgitter from an “underweight” rating to an “overweight” rating in a report on Monday, June 1st. Citigroup reaffirmed a “neutral” rating on shares of Salzgitter in a research report on Wednesday, May 20th. Finally, Jefferies Financial Group upgraded Salzgitter from a “hold” rating to a “buy” rating in a research note on Monday, July 13th.

Salzgitter Price Performance

SZGPY stock opened at $5.69 on Monday. Salzgitter has a twelve month low of $2.25 and a twelve month high of $7.99. The firm has a market cap of $3.08 billion, a PE ratio of 47.42 and a beta of 1.67. The business has a 50 day moving average of $5.88 and a 200 day moving average of $5.83.

Salzgitter (OTCMKTS:SZGPY) last announced its quarterly earnings results on Tuesday, August 11th. The basic materials company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. On average, research analysts expect that Salzgitter will post 0.22 earnings per share for the current fiscal year.

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.