Outokumpu Oyj (OTCMKTS:OUTKY) Given Average Recommendation of “Hold” by Analysts

Outokumpu Oyj (OTCMKTS:OUTKY – Get Rating) has earned an average rating of “Hold” from the seven research firms that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $7.10.

A number of equities research analysts have commented on the company. Zacks Investment Research raised Outokumpu Oyj from a “sell” rating to a “hold” rating in a report on Tuesday, May 3rd. JPMorgan Chase & Co. reduced their target price on Outokumpu Oyj from €10.00 ($10.42) to €9.00 ($9.38) and set an “overweight” rating for the company in a report on Wednesday, April 27th. Morgan Stanley raised their target price on Outokumpu Oyj from €5.10 ($5.31) to €5.20 ($5.42) and gave the company an “equal weight” rating in a report on Monday, April 11th. Finally, Credit Suisse Group raised Outokumpu Oyj from an “underperform” rating to a “neutral” rating in a report on Thursday, March 24th.

Outokumpu Oyj stock opened at $2.59 on Thursday. Outokumpu Oyj has a one year low of $2.51 and a one year high of $3.63. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.48 and a current ratio of 1.28. The business has a fifty day moving average of $2.59 and a two-hundred day moving average of $2.93. The company has a market cap of $2.37 billion, a P/E ratio of 3.70 and a beta of 0.93.

The company also recently declared a dividend, which was paid on Tuesday, April 26th. Stockholders of record on Monday, April 4th were paid a dividend of $0.0487 per share. This represents a dividend yield of 1.88%. The ex-dividend date was Friday, April 1st. Outokumpu Oyj’s dividend payout ratio (DPR) is presently 7.14%.

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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