Vestas Wind Systems AS (OTCMKTS:VWDRY) Cut to Hold at Berenberg Bank

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

A number of other research firms have also recently commented on VWDRY. Fearnley Fonds cut Vestas Wind Systems AS from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. Kepler Capital Markets downgraded Vestas Wind Systems AS from a “hold” rating to a “strong sell” rating in a research note on Monday, July 21st. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Vestas Wind Systems AS in a report on Friday, August 15th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Vestas Wind Systems AS Stock Down 6.2%

OTCMKTS:VWDRY opened at $7.97 on Thursday. Vestas Wind Systems AS has a twelve month low of $3.96 and a twelve month high of $8.50. The firm has a market capitalization of $24.15 billion, a price-to-earnings ratio of 29.52, a price-to-earnings-growth ratio of 0.64 and a beta of 1.28. The company has a quick ratio of 0.56, a current ratio of 0.96 and a debt-to-equity ratio of 0.84. The stock’s 50 day moving average price is $6.67 and its two-hundred day moving average price is $6.02.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last released its quarterly earnings data on Wednesday, November 5th. The energy company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.07 by $0.05. Vestas Wind Systems AS had a return on equity of 23.25% and a net margin of 4.08%.The company had revenue of $6.14 billion during the quarter, compared to the consensus estimate of $5.43 billion. Equities research analysts expect that Vestas Wind Systems AS will post 0.27 earnings per share for the current fiscal year.

About Vestas Wind Systems AS

Vestas Wind Systems A/S engages in the design, manufacture, installation, and services of wind turbines the United States, Denmark, and internationally. It operates in two segments, Power Solutions and Service. The Power Solutions segment offers onshore and offshore wind power plants, wind turbines, development sites, etc.