Morgan Stanley Trims thyssenkrupp (OTCMKTS:TKAMY) Target Price to €8.80

thyssenkrupp (OTCMKTS:TKAMYGet Rating) had its price objective reduced by equities research analysts at Morgan Stanley from €9.40 ($9.89) to €8.80 ($9.26) in a research note issued to investors on Thursday, The Fly reports. The brokerage currently has an “equal weight” rating on the stock.

Several other equities research analysts have also recently commented on the company. Credit Suisse Group upped their price target on thyssenkrupp from €16.50 ($17.37) to €17.60 ($18.53) and gave the stock an “outperform” rating in a research note on Friday, May 13th. Deutsche Bank Aktiengesellschaft cut their price target on thyssenkrupp from €18.00 ($18.95) to €17.00 ($17.89) in a research note on Thursday, March 17th.

Shares of TKAMY stock traded down $0.57 during trading hours on Thursday, hitting $6.78. The stock had a trading volume of 17,742 shares, compared to its average volume of 10,144. The firm has a market capitalization of $4.22 billion, a PE ratio of 4.06 and a beta of 1.80. thyssenkrupp has a twelve month low of $6.69 and a twelve month high of $12.70. The stock’s 50 day moving average is $8.28 and its 200 day moving average is $9.48. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.98 and a quick ratio of 1.28.

thyssenkrupp (OTCMKTS:TKAMYGet Rating) last posted its quarterly earnings data on Wednesday, May 11th. The company reported $1.02 earnings per share for the quarter. The business had revenue of $11.89 billion during the quarter, compared to the consensus estimate of $10.05 billion. thyssenkrupp had a return on equity of 7.74% and a net margin of 2.38%. As a group, equities analysts predict that thyssenkrupp will post 2.38 earnings per share for the current year.

thyssenkrupp Company Profile (Get Rating)

thyssenkrupp AG operates in the areas of automotive technology, industrial components, marine systems, steel, and materials services in Germany, the United States, China, and internationally. The company's Automotive Technology segment develops and manufactures components and systems, as well as automation solutions for the automotive industry.

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