Berenberg Bank Upgrades Vestas Wind Systems AS (OTCMKTS:VWDRY) to “Strong-Buy”

Vestas Wind Systems AS (OTCMKTS:VWDRY) was upgraded by investment analysts at Berenberg Bank from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

Other research analysts also recently issued reports about the stock. Citigroup reissued a “buy” rating on shares of Vestas Wind Systems AS in a research report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Vestas Wind Systems AS in a research note on Friday, August 14th. Finally, Kepler Capital Markets raised Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a report on Friday, June 5th. Four equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Vestas Wind Systems AS Stock Performance

Shares of VWDRY opened at $10.82 on Wednesday. The stock has a 50 day moving average price of $9.45 and a 200 day moving average price of $9.25. Vestas Wind Systems AS has a 52-week low of $5.92 and a 52-week high of $11.24. The company has a quick ratio of 0.67, a current ratio of 1.03 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $32.32 billion, a price-to-earnings ratio of 25.16, a price-to-earnings-growth ratio of 0.82 and a beta of 0.97.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last posted its earnings results on Wednesday, August 12th. The energy company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. Vestas Wind Systems AS had a net margin of 5.42% and a return on equity of 29.50%. The firm had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.19 billion. Research analysts predict that Vestas Wind Systems AS will post 0.54 EPS for the current fiscal year.

About Vestas Wind Systems AS

Vestas Wind Systems A/S (OTCMKTS: VWDRY) is a Danish company that develops, manufactures, installs and services wind turbines and related solutions for the global wind energy industry. The company is known for providing complete wind power solutions across a project’s lifecycle, from initial site assessment and turbine design through to installation, commissioning and long‑term operations and maintenance.

Vestas’ product and service offering spans turbine platforms for onshore and offshore wind, along with key components such as blades, nacelles and towers.