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

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

A number of other research analysts have also recently commented on VWDRY. Citigroup reiterated a “buy” rating on shares of Vestas Wind Systems AS in a research note on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Vestas Wind Systems AS in a report on Friday, August 14th. Finally, Kepler Capital Markets upgraded shares of Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 5th. Four 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 MarketBeat.com, the stock has a consensus rating of “Buy”.

Vestas Wind Systems AS Trading Down 3.6%

Shares of Vestas Wind Systems AS stock opened at $10.82 on Wednesday. The firm’s 50 day moving average is $9.45 and its 200 day moving average is $9.25. The firm has a market capitalization of $32.32 billion, a PE ratio of 25.16, a price-to-earnings-growth ratio of 0.82 and a beta of 0.97. Vestas Wind Systems AS has a 1 year low of $5.92 and a 1 year high of $11.24. 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 issued its earnings results on Wednesday, August 12th. The energy company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. The firm had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.19 billion. Vestas Wind Systems AS had a net margin of 5.42% and a return on equity of 29.50%. Equities research analysts forecast that Vestas Wind Systems AS will post 0.54 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.