Vestas Wind Systems AS (OTCMKTS:VWDRY) Stock Now Rated “Buy” by Wall Street Analysts

Vestas Wind Systems AS (OTCMKTS:VWDRY) has been assigned an average rating of “Buy” from the seven brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, one has issued a buy recommendation and four have given a strong buy recommendation to the company.

VWDRY has been the topic of several recent research reports. Citigroup reissued a “buy” rating on shares of Vestas Wind Systems AS in a report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Vestas Wind Systems AS in a research note on Friday, August 14th. Kepler Capital Markets raised Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 5th. Finally, Berenberg Bank upgraded shares of Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 26th.

Vestas Wind Systems AS Stock Down 3.8%

OTCMKTS VWDRY opened at $9.46 on Tuesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.66 and a current ratio of 1.03. The firm has a 50-day simple moving average of $10.19 and a 200 day simple moving average of $9.64. Vestas Wind Systems AS has a twelve month low of $6.15 and a twelve month high of $11.36. The stock has a market cap of $28.25 billion, a PE ratio of 22.00, a PEG ratio of 0.72 and a beta of 1.03.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last issued its quarterly earnings results on Wednesday, August 12th. The energy company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 29.07% and a net margin of 5.42%. On average, research analysts forecast that Vestas Wind Systems AS will post 0.54 EPS for the current year.

About Vestas Wind Systems AS

Vestas Wind Systems A/S is a Denmark-based renewable energy company focused on wind power. The company designs, manufactures, installs and services wind turbines and provides related technology, software and lifecycle support for wind energy projects.

Vestas supplies solutions for both onshore and offshore wind farms. Its services include turbine maintenance, monitoring, upgrades and other operational support intended to help customers improve the performance and reliability of their wind assets over time.

Founded in 1945, Vestas serves utilities, independent power producers, developers and other energy customers in markets around the world.