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, 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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