Vestas Wind Systems AS (OTCMKTS:VWDRY) Upgraded by DZ Bank to Strong-Buy Rating

DZ Bank upgraded shares of Vestas Wind Systems AS (OTCMKTS:VWDRY) to a strong-buy rating in a report published on Sunday,Zacks.com reports.

VWDRY has been the subject of several other reports. Berenberg Bank cut shares of Vestas Wind Systems AS from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 13th. Kepler Capital Markets upgraded shares of Vestas Wind Systems AS from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, December 10th. Finally, Barclays reiterated an “underweight” rating on shares of Vestas Wind Systems AS in a research note on Wednesday, December 3rd. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Vestas Wind Systems AS Stock Up 1.0%

Shares of OTCMKTS:VWDRY opened at $8.93 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.60 and a debt-to-equity ratio of 0.74. The stock has a fifty day simple moving average of $7.74 and a two-hundred day simple moving average of $6.67. Vestas Wind Systems AS has a 12-month low of $3.96 and a 12-month high of $9.07. The stock has a market capitalization of $27.06 billion, a price-to-earnings ratio of 26.27, a PEG ratio of 0.75 and a beta of 1.21.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last issued its quarterly earnings results on Wednesday, November 5th. The energy company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.05. The firm had revenue of $6.14 billion during the quarter, compared to the consensus estimate of $5.43 billion. Vestas Wind Systems AS had a return on equity of 27.61% and a net margin of 5.00%. On average, research analysts anticipate that Vestas Wind Systems AS will post 0.27 earnings per share for the current fiscal year.

About Vestas Wind Systems AS

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.