Shares of Salzgitter AG (OTCMKTS:SZGPY – Get Free Report) have earned an average rating of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company.
Several brokerages have recently commented on SZGPY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Salzgitter in a research report on Friday, September 4th. Jefferies Financial Group upgraded Salzgitter from a “hold” rating to a “buy” rating in a research report on Monday, July 13th. Zacks Research raised Salzgitter to a “hold” rating in a research note on Thursday, July 16th. Finally, Morgan Stanley raised Salzgitter from an “underweight” rating to an “overweight” rating in a report on Monday, June 1st.
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Salzgitter Price Performance
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 for the quarter, missing the consensus estimate of $0.06 by ($0.15). Salzgitter had a return on equity of 1.30% and a net margin of 0.65%.The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.42 billion. Equities research analysts expect that Salzgitter will post 0.22 earnings per share for the current fiscal 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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