Aperam (OTCMKTS:APEMY) Upgraded at Zacks Research

Zacks Research upgraded shares of Aperam (OTCMKTS:APEMY) from a hold rating to a strong-buy rating in a research report report published on Tuesday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on the company. Morgan Stanley reissued an “overweight” rating on shares of Aperam in a research note on Thursday, February 19th. Oddo Bhf cut Aperam to a “neutral” rating in a report on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Aperam in a research report on Monday, February 9th. Finally, Citigroup restated a “neutral” rating on shares of Aperam in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Aperam Price Performance

Aperam stock opened at $39.80 on Tuesday. Aperam has a 52-week low of $25.97 and a 52-week high of $54.50. The company has a quick ratio of 0.82, a current ratio of 3.15 and a debt-to-equity ratio of 0.33. The firm’s fifty day moving average is $45.53 and its 200 day moving average is $39.32. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 248.77 and a beta of 1.06.

Aperam (OTCMKTS:APEMY) last issued its quarterly earnings data on Friday, February 6th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.13. The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Aperam had a net margin of 0.17% and a return on equity of 1.05%. Sell-side analysts forecast that Aperam will post 2.84 EPS for the current fiscal year.

Aperam Company Profile

Aperam is a global stainless, electrical and specialty steel producer with headquarters in Luxembourg. The company designs, manufactures and distributes a wide range of stainless and electrical steel products that serve markets such as automotive, household appliances, construction, energy and mechanical industries. Aperam operates an integrated value chain that spans mining, steelmaking, finishing and distribution, enabling it to control quality and deliver tailored solutions to its customers.

The company was established in 2011 following a carve-out from ArcelorMittal and has since developed a distinct identity focused on sustainable stainless steel production.