Vestas Wind Systems A/S (OTCMKTS:VWDRY) Lifted to Hold at Zacks Investment Research

Vestas Wind Systems A/S (OTCMKTS:VWDRYGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday, Zacks.com reports.

According to Zacks, “Vestas Wind Systems A/S is engaged in development, manufacture, sale, and maintenance of wind technology that uses the energy of the wind to generate electricity. It provides wind turbines and wind power systems. The company engages in wind project planning, procurement, construction, operation, power plant optimization and maintenance services. Vestas Wind Systems A/S is headquartered in Randers, Denmark. “

VWDRY has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft decreased their price objective on Vestas Wind Systems A/S from 185.00 to 170.00 and set a “hold” rating for the company in a research note on Friday, January 28th. Jefferies Financial Group raised Vestas Wind Systems A/S from an “underperform” rating to a “hold” rating in a report on Tuesday, May 3rd. Morgan Stanley dropped their price objective on Vestas Wind Systems A/S from 199.00 to 173.00 in a report on Friday, April 22nd. Credit Suisse Group raised Vestas Wind Systems A/S from an “underperform” rating to an “outperform” rating in a report on Tuesday, April 5th. Finally, Berenberg Bank lowered Vestas Wind Systems A/S from a “buy” rating to a “hold” rating in a report on Monday, May 16th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Vestas Wind Systems A/S currently has a consensus rating of “Hold” and a consensus target price of $177.67.

Shares of Vestas Wind Systems A/S stock opened at $8.40 on Friday. The business has a 50-day moving average of $8.80 and a 200 day moving average of $9.48. Vestas Wind Systems A/S has a 12 month low of $6.55 and a 12 month high of $14.71. The stock has a market capitalization of $25.45 billion, a price-to-earnings ratio of -46.66 and a beta of 0.95. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.54.

Vestas Wind Systems A/S Company Profile (Get Rating)

Vestas Wind Systems A/S designs, manufactures, installs, and services wind turbines worldwide. The company operates in two segments, Power Solutions and Service. The Power Solutions segment sells wind power plants, wind turbines, development sites, etc. The Service segment engages in the sale of service contracts, spare parts, and related activities.

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