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

Shares of Salzgitter AG (OTCMKTS:SZGPY) have received an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company.

Several analysts have weighed in on SZGPY shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Salzgitter in a research report on Wednesday, May 13th. Jefferies Financial Group upgraded shares of Salzgitter from a “hold” rating to a “buy” rating in a report on Monday, July 13th. Morgan Stanley raised shares of Salzgitter from an “underweight” rating to an “overweight” rating in a research note on Monday, June 1st. Zacks Research raised shares of Salzgitter to a “hold” rating in a report on Thursday, July 16th. Finally, Citigroup reiterated a “neutral” rating on shares of Salzgitter in a research report on Wednesday, May 20th.

Salzgitter Stock Performance

OTCMKTS:SZGPY opened at $6.30 on Thursday. The company has a market cap of $3.41 billion, a price-to-earnings ratio of 70.00 and a beta of 1.68. The stock’s fifty day moving average price is $6.16 and its two-hundred day moving average price is $5.79. Salzgitter has a 52-week low of $2.25 and a 52-week high of $7.99.

Salzgitter (OTCMKTS:SZGPY) last released its earnings results on Tuesday, May 12th. The basic materials company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.08 by $0.09. The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.53 billion. Salzgitter had a return on equity of 1.00% and a net margin of 0.49%. On average, equities analysts predict that Salzgitter will post 0.37 EPS for the current fiscal year.

About Salzgitter

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.