Aperam (OTCMKTS:APEMY) Upgraded at Zacks Investment Research

Aperam (OTCMKTS:APEMYGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Friday, Zacks.com reports.

According to Zacks, “Aperam S.A. is a manufacturer and marketer of stainless steel primarily in South America and Europe. The company produce grain oriented and non-grain oriented electrical steels and nickel alloys. Aperam S.A. is headquartered in Luxembourg. “

Other equities research analysts have also recently issued reports about the stock. Morgan Stanley dropped their price target on shares of Aperam from €65.00 ($67.71) to €46.00 ($47.92) in a research report on Thursday, March 24th. Credit Suisse Group cut shares of Aperam from an “outperform” rating to a “neutral” rating in a research report on Thursday, March 24th. JPMorgan Chase & Co. dropped their price target on shares of Aperam from €57.00 ($59.38) to €55.00 ($57.29) and set a “neutral” rating for the company in a research report on Monday, May 9th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Aperam from €67.00 ($69.79) to €68.00 ($70.83) in a research report on Tuesday, May 10th. Finally, Exane BNP Paribas lowered shares of Aperam from an “outperform” rating to a “neutral” rating in a research note on Tuesday, March 15th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $60.00.

Shares of APEMY remained flat at $$36.20 during trading on Friday. 71 shares of the company’s stock were exchanged, compared to its average volume of 1,545. Aperam has a 1-year low of $35.10 and a 1-year high of $65.15. The firm has a market cap of $2.90 billion, a PE ratio of 2.55 and a beta of 1.89. The business’s fifty day moving average is $41.16 and its 200-day moving average is $50.19. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.95 and a current ratio of 3.53.

Aperam Company Profile (Get Rating)

Aperam SA, together with its subsidiaries, engages in the production and sale of stainless and specialty steel products worldwide. It operates through three segments: Stainless & Electrical Steel; Services & Solutions; and Alloys & Specialties. The company offers range of stainless steel products, including grain oriented and non-grain oriented electrical steel products, and specialty alloys.

Read More

Get a free copy of the Zacks research report on Aperam (APEMY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Aperam (OTCMKTS:APEMY)

Receive News & Ratings for Aperam Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aperam and related companies with MarketBeat.com's FREE daily email newsletter.