Salzgitter AG (SZGPY) – What Are Investment Firms Saying About This Stock?

Salzgitter AG (OTCMKTS:SZGPY – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company.

SZGPY has been the topic of a number of recent analyst reports. Zacks Research raised Salzgitter to a “hold” rating in a report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Salzgitter in a research note on Friday, September 4th. UBS Group upgraded shares of Salzgitter from a “hold” rating to a “buy” rating in a research report on Friday, October 9th. Jefferies Financial Group raised Salzgitter from a “hold” rating to a “buy” rating in a report on Monday, July 13th. Finally, Citigroup reiterated a “neutral” rating on shares of Salzgitter in a report on Friday, October 23rd.

Get Our Latest Analysis on Salzgitter

Salzgitter Price Performance

OTCMKTS SZGPY opened at $5.35 on Friday. The company has a 50 day simple moving average of $5.77 and a 200-day simple moving average of $5.81. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of 44.60 and a beta of 1.74. Salzgitter has a 52-week low of $3.07 and a 52-week high of $7.99.

Salzgitter (OTCMKTS:SZGPY – Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The basic materials company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.15). Salzgitter had a net margin of 0.65% and a return on equity of 1.29%. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.42 billion. On average, analysts predict that Salzgitter will post 0.14 EPS for the current year.

Salzgitter Company Profile

(Get Free Report)

Salzgitter AG is a Germany-based steel and technology group headquartered in Salzgitter, Lower Saxony. The company produces and processes a broad range of steel products, including flat steel, plate, sections, sheet piling and other long products, as well as tubes and precision steel products. Its products serve industries such as automotive manufacturing, construction, mechanical engineering, energy and infrastructure.

The group operates through businesses focused on steel production, steel processing, trading and technology.

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Analyst Recommendations for Salzgitter (OTCMKTS:SZGPY)

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