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

Shares of Salzgitter AG (OTCMKTS:SZGPY) have been given an average rating of “Moderate Buy” by the eight brokerages that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company.

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

Salzgitter Price Performance

Shares of SZGPY stock opened at $5.63 on Thursday. The stock’s fifty day moving average price is $6.21 and its 200 day moving average price is $5.77. Salzgitter has a 1-year low of $2.25 and a 1-year high of $7.99. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 62.56 and a beta of 1.72.

Salzgitter (OTCMKTS:SZGPY) last posted its quarterly earnings data 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. Salzgitter had a net margin of 0.49% and a return on equity of 1.00%. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.53 billion. As a group, equities research analysts anticipate that Salzgitter will post 0.37 earnings per share for the current year.

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.