HSBC Upgrades Vestas Wind Systems A/S (OTCMKTS:VWDRY) to Hold

HSBC upgraded shares of Vestas Wind Systems A/S (OTCMKTS:VWDRYGet Rating) from a reduce rating to a hold rating in a report published on Friday, The Fly reports.

Several other research analysts also recently issued reports on the stock. Berenberg Bank downgraded shares of Vestas Wind Systems A/S from a buy rating to a hold rating in a report on Monday, May 16th. Morgan Stanley lowered their target price on shares of Vestas Wind Systems A/S from 199.00 to 173.00 in a research note on Friday, April 22nd. Credit Suisse Group upgraded Vestas Wind Systems A/S from an underperform rating to an outperform rating in a research note on Tuesday, April 5th. Finally, Jefferies Financial Group upgraded Vestas Wind Systems A/S from an underperform rating to a hold rating in a research report on Tuesday, May 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Vestas Wind Systems A/S presently has an average rating of Hold and an average target price of $177.67.

Vestas Wind Systems A/S Price Performance

Shares of OTCMKTS:VWDRY opened at $8.41 on Friday. The company has a market cap of $25.48 billion, a price-to-earnings ratio of -46.72 and a beta of 1.08. The business has a 50 day moving average price of $7.86 and a 200 day moving average price of $8.64. The company has a quick ratio of 0.51, a current ratio of 1.02 and a debt-to-equity ratio of 0.44. Vestas Wind Systems A/S has a twelve month low of $6.55 and a twelve month high of $14.71.

Vestas Wind Systems A/S (OTCMKTS:VWDRYGet Rating) last announced its quarterly earnings data on Monday, May 2nd. The energy company reported ($0.07) earnings per share (EPS) for the quarter. The company had revenue of $2.79 billion during the quarter. Vestas Wind Systems A/S had a positive return on equity of 0.88% and a negative net margin of 3.13%. Research analysts predict that Vestas Wind Systems A/S will post -0.13 earnings per share for the current year.

About Vestas Wind Systems A/S

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Vestas Wind Systems A/S designs, manufactures, installs, and services wind turbines worldwide. The company operates in two segments, Power Solutions and Service. The Power Solutions segment sells wind power plants, wind turbines, development sites, etc. The Service segment engages in the sale of service contracts, spare parts, and related activities.

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Analyst Recommendations for Vestas Wind Systems A/S (OTCMKTS:VWDRY)

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