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

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

SZGPY has been the topic of a number of recent analyst reports. Jefferies Financial Group upgraded Salzgitter from a “hold” rating to a “buy” rating in a research report on Monday, July 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Salzgitter in a report on Wednesday, May 13th. Zacks Research upgraded shares of Salzgitter to a “hold” rating in a research note on Thursday, July 16th. Citigroup reaffirmed a “neutral” rating on shares of Salzgitter in a report on Wednesday, May 20th. Finally, Morgan Stanley upgraded shares of Salzgitter from an “underweight” rating to an “overweight” rating in a research report on Monday, June 1st.

Salzgitter Price Performance

OTCMKTS SZGPY opened at $6.15 on Thursday. The business has a fifty day moving average price of $6.18 and a two-hundred day moving average price of $5.78. The stock has a market capitalization of $3.33 billion, a PE ratio of 68.33 and a beta of 1.72. Salzgitter has a fifty-two week low of $2.25 and a fifty-two week high of $7.99.

Salzgitter (OTCMKTS:SZGPY) last posted its quarterly earnings results on Tuesday, May 12th. The basic materials company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.09. Salzgitter had a return on equity of 1.00% and a net margin of 0.49%.The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.53 billion. As a group, sell-side analysts expect that Salzgitter will post 0.37 earnings per share for the current 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.