Analysts Set Outokumpu Oyj (OTCMKTS:OUTKY) PT at $7.10

Shares of Outokumpu Oyj (OTCMKTS:OUTKYGet Rating) have earned an average rating of “Hold” from the seven research firms that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $7.10.

OUTKY has been the subject of several analyst reports. JPMorgan Chase & Co. lowered their price objective on Outokumpu Oyj from €10.00 ($10.42) to €9.00 ($9.38) and set an “overweight” rating for the company in a research note on Wednesday, April 27th. Zacks Investment Research raised Outokumpu Oyj from a “sell” rating to a “hold” rating in a research note on Tuesday, May 3rd. Morgan Stanley increased their price objective on Outokumpu Oyj from €5.10 ($5.31) to €5.20 ($5.42) and gave the stock an “equal weight” rating in a research note on Monday, April 11th. Finally, Credit Suisse Group raised Outokumpu Oyj from an “underperform” rating to a “neutral” rating in a research note on Thursday, March 24th.

Shares of OTCMKTS:OUTKY opened at $2.59 on Thursday. The business’s 50 day simple moving average is $2.59 and its two-hundred day simple moving average is $2.92. The firm has a market cap of $2.37 billion, a P/E ratio of 3.70 and a beta of 0.93. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.48 and a current ratio of 1.28. Outokumpu Oyj has a 52-week low of $2.51 and a 52-week high of $3.63.

The business also recently declared a dividend, which was paid on Tuesday, April 26th. Stockholders of record on Monday, April 4th were issued a $0.0487 dividend. This represents a dividend yield of 1.88%. The ex-dividend date was Friday, April 1st. Outokumpu Oyj’s payout ratio is currently 7.14%.

About Outokumpu Oyj (Get Rating)

Outokumpu Oyj produces and sells various stainless steel products in Finland, other European countries, North America, the Asia-Pacific, and internationally. It offers cold rolled coils, strips, and sheets; precision strips; hot rolled coils, strips, and plates; quarto plates; precise components, including welded stainless-steel I-beams, H-beams, hollow-section tubes, bent profiles, structural sections, press plates, roll shells, and blancs and disks; semi-finished stainless steel long products comprising billets and blooms, forged and rolled billets, cast slabs, ingots, and rebar; and stainless steel wire rods, wires, and bars.

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Analyst Recommendations for Outokumpu Oyj (OTCMKTS:OUTKY)

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