Vestas Wind Systems AS (OTCMKTS:VWDRY) Rating Increased to Strong-Buy at Berenberg Bank

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

VWDRY has been the subject of a number of other research reports. Citigroup reissued a “buy” rating on shares of Vestas Wind Systems AS in a research report on Thursday, August 13th. Kepler Capital Markets upgraded Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Vestas Wind Systems AS in a research report on Friday, August 14th. Four equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Vestas Wind Systems AS presently has an average rating of “Buy”.

Vestas Wind Systems AS Price Performance

Shares of VWDRY stock opened at $10.82 on Wednesday. Vestas Wind Systems AS has a twelve month low of $5.92 and a twelve month high of $11.24. The stock has a market capitalization of $32.32 billion, a price-to-earnings ratio of 25.16, a P/E/G ratio of 0.82 and a beta of 0.97. The stock has a fifty day simple moving average of $9.45 and a two-hundred day simple moving average of $9.25. The company has a current ratio of 1.03, a quick ratio of 0.67 and a debt-to-equity ratio of 0.81.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last released its quarterly earnings data on Wednesday, August 12th. The energy company reported $0.11 earnings per share for the quarter, topping 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 company had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.19 billion. On average, analysts predict that Vestas Wind Systems AS will post 0.54 EPS for the current fiscal year.

Vestas Wind Systems AS Company Profile

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.