Aperam (OTCMKTS:APEMY) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Aperam (OTCMKTS:APEMY) from a hold rating to a strong-buy rating in a report published on Tuesday,Zacks.com reports.

Several other brokerages also recently weighed in on APEMY. Oddo Bhf downgraded shares of Aperam to a “neutral” rating in a report on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Aperam in a research report on Monday, February 9th. Morgan Stanley reiterated an “overweight” rating on shares of Aperam in a research report on Thursday, February 19th. Finally, Citigroup reissued a “neutral” rating on shares of Aperam in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Aperam Stock Up 3.0%

APEMY stock opened at $41.52 on Tuesday. The business’s 50-day moving average price is $45.57 and its 200-day moving average price is $39.32. The stock has a market cap of $3.04 billion, a P/E ratio of 259.52 and a beta of 1.05. The company has a quick ratio of 0.82, a current ratio of 3.15 and a debt-to-equity ratio of 0.33. Aperam has a twelve month low of $25.97 and a twelve month high of $54.50.

Aperam (OTCMKTS:APEMY) last issued its quarterly earnings results on Friday, February 6th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.13. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.69 billion. Aperam had a net margin of 0.17% and a return on equity of 1.05%. On average, equities research analysts forecast that Aperam will post 2.84 EPS for the current year.

About Aperam

Aperam is a global stainless, electrical and specialty steel producer with headquarters in Luxembourg. The company designs, manufactures and distributes a wide range of stainless and electrical steel products that serve markets such as automotive, household appliances, construction, energy and mechanical industries. Aperam operates an integrated value chain that spans mining, steelmaking, finishing and distribution, enabling it to control quality and deliver tailored solutions to its customers.

The company was established in 2011 following a carve-out from ArcelorMittal and has since developed a distinct identity focused on sustainable stainless steel production.