Outokumpu Oyj (OTCMKTS:OUTKY) Upgraded at Zacks Investment Research

Outokumpu Oyj (OTCMKTS:OUTKYGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday, Zacks.com reports.

According to Zacks, “Outokumpu Oyj is engages in the manufacturing of stainless steel. Its business area consists of Stainless Coil EMEA, Stainless Coil Americas, Stainless APAC and High Performance Stainless and Alloy. The company operates primarily in Europe, Middle East and Africa, Americas and Asia-Pacific. Outokumpu Oyj is headquartered in Espoo, Finland. “

OUTKY has been the subject of a number of other reports. JPMorgan Chase & Co. lowered their target price on Outokumpu Oyj from €10.00 ($10.53) to €9.00 ($9.47) and set an “overweight” rating for the company in a research note on Wednesday, April 27th. Credit Suisse Group raised Outokumpu Oyj from an “underperform” rating to a “neutral” rating in a research note on Thursday, March 24th. Finally, Morgan Stanley increased their target price on Outokumpu Oyj from €5.10 ($5.37) to €5.20 ($5.47) and gave the stock an “equal weight” rating in a research note on Monday, April 11th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Outokumpu Oyj currently has a consensus rating of “Hold” and a consensus price target of $5.73.

Shares of OUTKY stock opened at $2.63 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.28 and a quick ratio of 0.48. The stock has a market cap of $2.40 billion, a PE ratio of 3.76 and a beta of 1.03. The stock has a 50-day moving average of $2.63 and a 200-day moving average of $2.97. Outokumpu Oyj has a one year low of $2.51 and a one year high of $3.63.

Outokumpu Oyj (OTCMKTS:OUTKYGet Rating) last announced its quarterly earnings results on Tuesday, February 8th. The company reported $0.20 EPS for the quarter. Outokumpu Oyj had a return on equity of 19.29% and a net margin of 7.15%. The company had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.54 billion. As a group, research analysts anticipate that Outokumpu Oyj will post 0.88 earnings per share for the current year.

About Outokumpu Oyj (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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