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

Salzgitter AG (OTCMKTS:SZGPY) has earned an average rating of “Moderate Buy” from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company.

Several research firms have recently issued reports on SZGPY. Morgan Stanley upgraded shares of Salzgitter from an “underweight” rating to an “overweight” rating in a research report on Monday, June 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Salzgitter in a research note on Friday, September 4th. Zacks Research upgraded shares of Salzgitter to a “hold” rating in a research note on Thursday, July 16th. Finally, Jefferies Financial Group raised shares of Salzgitter from a “hold” rating to a “buy” rating in a report on Monday, July 13th.

Salzgitter Price Performance

Shares of SZGPY stock opened at $6.01 on Friday. The company has a market cap of $3.25 billion, a price-to-earnings ratio of 50.08 and a beta of 1.70. Salzgitter has a 1 year low of $2.68 and a 1 year high of $7.99. The firm has a fifty day moving average price of $6.19 and a 200-day moving average price of $5.86.

Salzgitter (OTCMKTS:SZGPY) last posted 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 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 1.29% and a net margin of 0.65%. Equities research analysts expect that Salzgitter will post 0.22 EPS for the current 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.