Outokumpu Oyj (OTCMKTS:OUTKY) Price Target Increased to €5.20 by Analysts at Morgan Stanley

Outokumpu Oyj (OTCMKTS:OUTKYGet Rating) had its price target raised by equities researchers at Morgan Stanley from €5.10 ($5.60) to €5.20 ($5.71) in a research report issued on Monday, The Fly reports. The brokerage currently has an “equal weight” rating on the stock.

Several other brokerages have also issued reports on OUTKY. Credit Suisse Group upgraded shares of Outokumpu Oyj from an “underperform” rating to a “neutral” rating in a research note on Thursday, March 24th. Zacks Investment Research raised shares of Outokumpu Oyj from a “hold” rating to a “buy” rating and set a $3.00 price target for the company in a research report on Wednesday, March 30th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $4.10.

OUTKY remained flat at $$2.59 during trading on Monday. The company has a fifty day moving average price of $2.89 and a 200-day moving average price of $3.01. Outokumpu Oyj has a 1-year low of $2.51 and a 1-year high of $3.63. The company has a market capitalization of $2.37 billion, a PE ratio of 3.70 and a beta of 1.03. The company has a current ratio of 1.28, a quick ratio of 0.48 and a debt-to-equity ratio of 0.19.

Outokumpu Oyj (OTCMKTS:OUTKYGet Rating) last announced its quarterly earnings results on Tuesday, February 8th. The company reported $0.20 earnings per share (EPS) for the quarter. The company had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.54 billion. Outokumpu Oyj had a net margin of 7.15% and a return on equity of 19.29%. On average, research analysts anticipate that Outokumpu Oyj will post 0.82 EPS for the current year.

Outokumpu Oyj Company Profile (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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