Salzgitter AG (OTCMKTS:SZGPY) Given Average Rating of “Moderate Buy” by Brokerages

Salzgitter AG (OTCMKTS:SZGPY) has been given a consensus rating of “Moderate Buy” by the seven research firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company.

A number of analysts recently commented on SZGPY shares. Citigroup reaffirmed a “neutral” rating on shares of Salzgitter in a research report on Wednesday, May 20th. Morgan Stanley upgraded Salzgitter from an “underweight” rating to an “overweight” rating in a report on Monday, June 1st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Salzgitter in a research report on Wednesday, May 13th.

Salzgitter Price Performance

SZGPY opened at $4.94 on Friday. The stock has a market cap of $2.67 billion, a PE ratio of 54.90 and a beta of 1.72. The company has a fifty day moving average of $6.15 and a 200-day moving average of $5.65. Salzgitter has a twelve month low of $2.25 and a twelve month high of $7.99.

Salzgitter (OTCMKTS:SZGPY) last issued its quarterly earnings results on Tuesday, May 12th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.09. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.53 billion. Salzgitter had a return on equity of 1.00% and a net margin of 0.49%.

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.