Salzgitter AG (OTCMKTS:SZGPY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Salzgitter AG (OTCMKTS:SZGPY) have earned an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company.

A number of research analysts recently issued reports on the company. Morgan Stanley upgraded Salzgitter from an “underweight” rating to an “overweight” rating in a research report on Monday, June 1st. Zacks Research raised Salzgitter to a “hold” rating in a research report on Thursday, July 16th. Jefferies Financial Group upgraded Salzgitter from a “hold” rating to a “buy” rating in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Salzgitter in a report on Wednesday, August 12th. Finally, Citigroup restated a “neutral” rating on shares of Salzgitter in a research report on Wednesday, May 20th.

Salzgitter Price Performance

Shares of OTCMKTS SZGPY opened at $6.65 on Monday. The firm’s 50-day moving average price is $5.84 and its two-hundred day moving average price is $5.84. Salzgitter has a 52-week low of $2.25 and a 52-week high of $7.99. The stock has a market capitalization of $3.60 billion, a P/E ratio of 55.42 and a beta of 1.67.

Salzgitter (OTCMKTS:SZGPY) last posted its earnings results on Tuesday, August 11th. The basic materials company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.15). The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.42 billion. Salzgitter had a net margin of 0.65% and a return on equity of 1.30%. As a group, equities research analysts expect that Salzgitter will post 0.22 earnings per share for the current year.

Salzgitter Company Profile

Salzgitter AG is a leading European steel producer headquartered in Salzgitter, Germany. The company operates an integrated steelworks, encompassing ironmaking, steelmaking, continuous casting and rolling mills. Its core business revolves around the production and processing of steel products for various industries, including automotive, construction, mechanical engineering and energy.

Founded in 1937 as part of Germany’s industrial expansion, Salzgitter evolved through post-war reconstruction and state ownership before being privatized in the late 1990s.