Wärtsilä Oyj Abp (OTCMKTS:WRTBY) Receives Consensus Recommendation of “Hold” from Brokerages

Wärtsilä Oyj Abp (OTCMKTS:WRTBY – Get Rating) has earned an average rating of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $10.77.

A number of equities research analysts recently weighed in on WRTBY shares. Danske upgraded shares of Wärtsilä Oyj Abp from a “hold” rating to a “buy” rating in a report on Wednesday, February 1st. Deutsche Bank Aktiengesellschaft started coverage on shares of Wärtsilä Oyj Abp in a report on Thursday, December 8th. They issued a “buy” rating on the stock. Royal Bank of Canada lowered shares of Wärtsilä Oyj Abp from an “outperform” rating to a “sector perform” rating in a report on Thursday, December 1st. Finally, Citigroup upgraded shares of Wärtsilä Oyj Abp from a “neutral” rating to a “buy” rating in a report on Tuesday, February 7th.

Wärtsilä Oyj Abp Stock Performance

WRTBY stock opened at $1.82 on Friday. The company’s 50-day moving average is $1.86 and its 200-day moving average is $1.65. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.16 and a quick ratio of 0.78. Wärtsilä Oyj Abp has a 1 year low of $1.30 and a 1 year high of $2.31.

Wärtsilä Oyj Abp Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, April 4th. Shareholders of record on Monday, March 13th will be paid a $0.0159 dividend. This is a positive change from Wärtsilä Oyj Abp’s previous dividend of $0.01. The ex-dividend date is Friday, March 10th. This represents a yield of 1.54%. Wärtsilä Oyj Abp’s dividend payout ratio (DPR) is -149.93%.

About Wärtsilä Oyj Abp

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Wärtsilä Oyj Abp engages in the power business. It operates through the following segments: Wärtsilä Marine Power, Wärtsilä Marine Systems, Wärtsilä Voyage, Wärtsilä Energy, and Wärtsilä Portfolio Business. The Wärtsilä Marine Power segment focuses on a comprehensive range of engine and propulsion solutions.