Wärtsilä Oyj Abp (OTCMKTS:WRTBY) Receives $11.00 Consensus PT from Brokerages

Wärtsilä Oyj Abp (OTCMKTS:WRTBY – Get Rating) has received a consensus recommendation of “Hold” from the thirteen research firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $11.00.

WRTBY has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Wärtsilä Oyj Abp from a “buy” rating to a “hold” rating in a report on Wednesday, February 2nd. The Goldman Sachs Group cut shares of Wärtsilä Oyj Abp from a “neutral” rating to a “sell” rating in a report on Friday, March 25th. JPMorgan Chase & Co. cut their price objective on shares of Wärtsilä Oyj Abp from €11.50 ($12.50) to €11.00 ($11.96) and set an “underweight” rating on the stock in a report on Wednesday, March 30th. Finally, Danske cut shares of Wärtsilä Oyj Abp from a “buy” rating to a “hold” rating in a report on Wednesday, March 30th.

Shares of OTCMKTS WRTBY opened at $1.74 on Friday. Wärtsilä Oyj Abp has a 1 year low of $1.74 and a 1 year high of $3.21. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.31 and a quick ratio of 0.92. The company’s 50-day moving average is $2.11 and its 200 day moving average is $2.47. The stock has a market capitalization of $5.15 billion, a P/E ratio of 24.86 and a beta of 0.97.

Wärtsilä Oyj Abp (OTCMKTS:WRTBY – Get Rating) last announced its quarterly earnings results on Friday, January 28th. The company reported $0.03 earnings per share (EPS) for the quarter. Wärtsilä Oyj Abp had a net margin of 4.04% and a return on equity of 8.63%. The company had revenue of $1.83 billion for the quarter. Research analysts anticipate that Wärtsilä Oyj Abp will post 0.1 earnings per share for the current year.

The company also recently declared a dividend, which was paid on Tuesday, March 29th. Stockholders of record on Monday, March 7th were issued a dividend of $0.0154 per share. This represents a dividend yield of 1.3%. The ex-dividend date was Friday, March 4th. Wärtsilä Oyj Abp’s payout ratio is 42.86%.

Wärtsilä Oyj Abp Company Profile (Get Rating)

Wärtsilä Oyj Abp provides technologies and lifecycle solutions for the marine and energy markets worldwide. The company's marine power portfolio includes engines, propulsion systems, hybrid technology, and integrated powertrain systems; marine systems comprising products and lifecycle services related to the gas value chain, exhaust treatment, shaft line, underwater repair, and electrical integrations; voyage solutions consists of bridge infrastructure, cloud data services, decision support systems, and smart port solutions to enable shore-to-shore visibility, as well as builds end-to-end connected digital ecosystem for shipping; and decarbonization energy services include future-fuel enabled balancing power plants, hybrid solutions, energy storage, and optimization technology, such as the GEMS energy management platform.

Read More