Vestas Wind Systems AS (OTCMKTS:VWDRY) Hits New 12-Month High – Here’s Why

Shares of Vestas Wind Systems AS (OTCMKTS:VWDRY) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $9.05 and last traded at $8.92, with a volume of 130150 shares changing hands. The stock had previously closed at $8.89.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Barclays restated an “underweight” rating on shares of Vestas Wind Systems AS in a research note on Wednesday, December 3rd. Kepler Capital Markets upgraded shares of Vestas Wind Systems AS from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, December 10th. Finally, Berenberg Bank cut shares of Vestas Wind Systems AS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Vestas Wind Systems AS Trading Down 1.5%

The firm has a market capitalization of $26.63 billion, a PE ratio of 25.85, a P/E/G ratio of 0.75 and a beta of 1.21. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.60 and a current ratio of 0.97. The firm has a fifty day moving average of $7.56 and a 200 day moving average of $6.56.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last issued its quarterly earnings data on Wednesday, November 5th. The energy company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.05. The company had revenue of $6.14 billion during the quarter, compared to the consensus estimate of $5.43 billion. Vestas Wind Systems AS had a net margin of 5.00% and a return on equity of 27.61%. Equities research analysts expect that Vestas Wind Systems AS will post 0.27 EPS for the current year.

Vestas Wind Systems AS Company Profile

Vestas Wind Systems A/S engages in the design, manufacture, installation, and services of wind turbines the United States, Denmark, and internationally. It operates in two segments, Power Solutions and Service. The Power Solutions segment offers onshore and offshore wind power plants, wind turbines, development sites, etc.