Acerinox (OTCMKTS:ANIOY) Receives Average Rating of “Moderate Buy” from Brokerages

Acerinox (OTCMKTS:ANIOY) has received a consensus rating of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company.

Several equities analysts recently issued reports on ANIOY shares. Morgan Stanley restated an “overweight” rating on shares of Acerinox in a report on Monday, June 15th. Jefferies Financial Group raised Acerinox to a “strong-buy” rating in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Acerinox in a research note on Friday, September 4th. BNP Paribas Exane cut Acerinox from a “neutral” rating to an “underperform” rating in a report on Wednesday, July 8th. Finally, Citigroup reaffirmed a “buy” rating on shares of Acerinox in a research report on Tuesday, September 15th.

Acerinox Price Performance

Acerinox stock opened at $9.90 on Monday. The stock’s 50 day moving average is $10.15 and its 200 day moving average is $9.05. Acerinox has a one year low of $6.22 and a one year high of $10.74. The firm has a market cap of $4.94 billion, a P/E ratio of 76.15 and a beta of 1.08. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.65 and a quick ratio of 0.79.

Acerinox (OTCMKTS:ANIOY) last released its quarterly earnings results on Friday, July 24th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.04. Acerinox had a net margin of 0.95% and a return on equity of 2.59%. The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $3.51 billion. As a group, research analysts expect that Acerinox will post 0.51 EPS for the current year.

Acerinox Company Profile

Acerinox, SA is a Spanish manufacturer of stainless steel and high-performance alloys. The company produces flat and long stainless-steel products, including sheets, coils, plates, bars, wire rod and wire, serving applications such as construction, transportation, energy, industrial equipment, food processing and household products.

Founded in 1970, Acerinox has developed an international production and distribution network. Its principal manufacturing operations have included facilities in Spain, the United States and South Africa, while its commercial network serves customers across Europe, the Americas, Africa and Asia.