Salzgitter AG (OTCMKTS:SZGPY) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Shares of Salzgitter AG (OTCMKTS:SZGPY) have been assigned a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company.

Several brokerages recently weighed in on SZGPY. UBS Group raised shares of Salzgitter from a “hold” rating to a “buy” rating in a research note on Friday, October 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Salzgitter in a report on Friday, September 4th. Zacks Research upgraded Salzgitter to a “hold” rating in a research note on Thursday, July 16th. Citigroup reiterated a “neutral” rating on shares of Salzgitter in a report on Friday, October 23rd. Finally, Jefferies Financial Group upgraded Salzgitter from a “hold” rating to a “buy” rating in a research report on Monday, July 13th.

Salzgitter Stock Up 2.5%

Shares of Salzgitter stock opened at $5.35 on Friday. Salzgitter has a 52 week low of $3.07 and a 52 week high of $7.99. The firm’s 50 day moving average is $5.77 and its two-hundred day moving average is $5.81. The firm has a market capitalization of $2.89 billion, a P/E ratio of 44.60 and a beta of 1.74.

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

Salzgitter Company Profile

Salzgitter AG is a Germany-based steel and technology group headquartered in Salzgitter, Lower Saxony. The company produces and processes a broad range of steel products, including flat steel, plate, sections, sheet piling and other long products, as well as tubes and precision steel products. Its products serve industries such as automotive manufacturing, construction, mechanical engineering, energy and infrastructure.

The group operates through businesses focused on steel production, steel processing, trading and technology.