Salzgitter AG (OTCMKTS:SZGPY) Receives Consensus Rating of “Hold” from Analysts

Salzgitter AG (OTCMKTS:SZGPY) has earned an average recommendation of “Hold” from the nine analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Salzgitter in a report on Thursday. Zacks Research raised shares of Salzgitter from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. UBS Group downgraded shares of Salzgitter from a “buy” rating to a “hold” rating in a research note on Thursday, January 22nd. Citigroup reaffirmed a “neutral” rating on shares of Salzgitter in a research report on Thursday, January 22nd. Finally, Morgan Stanley reiterated an “underweight” rating on shares of Salzgitter in a report on Tuesday, January 6th.

Salzgitter Stock Up 2.2%

SZGPY stock opened at $6.13 on Thursday. The company has a market cap of $3.32 billion, a price-to-earnings ratio of -15.32 and a beta of 1.41. The business has a fifty day simple moving average of $5.07 and a 200-day simple moving average of $3.72. Salzgitter has a 52 week low of $1.83 and a 52 week high of $6.14.

Salzgitter (OTCMKTS:SZGPY) last issued its earnings results on Monday, November 10th. The basic materials company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.14. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.64 billion. Salzgitter had a negative return on equity of 4.31% and a negative net margin of 2.09%. As a group, analysts expect that Salzgitter will post -0.68 earnings per share for the current fiscal year.

Salzgitter Company Profile

Salzgitter AG is a leading European steel producer headquartered in Salzgitter, Germany. The company operates an integrated steelworks, encompassing ironmaking, steelmaking, continuous casting and rolling mills. Its core business revolves around the production and processing of steel products for various industries, including automotive, construction, mechanical engineering and energy.

Founded in 1937 as part of Germany’s industrial expansion, Salzgitter evolved through post-war reconstruction and state ownership before being privatized in the late 1990s.