Andritz (OTCMKTS:ADRZY) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Andritz (OTCMKTS:ADRZY) from a strong sell rating to a strong-buy rating in a research note released on Monday,Zacks.com reports.

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Andritz in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Strong Buy”.

Andritz Stock Down 3.7%

Shares of Andritz stock opened at $16.16 on Monday. Andritz has a 52-week low of $11.96 and a 52-week high of $18.81. The company has a 50 day moving average of $16.39 and a 200 day moving average of $15.74. The company has a quick ratio of 0.88, a current ratio of 1.13 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $8.40 billion, a P/E ratio of 15.10 and a beta of 1.09.

Andritz (OTCMKTS:ADRZY) last issued its quarterly earnings results on Thursday, March 5th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). Andritz had a return on equity of 20.46% and a net margin of 5.81%.The firm had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $2.79 billion. As a group, research analysts forecast that Andritz will post 1.1 EPS for the current fiscal year.

Andritz Company Profile

Andritz AG is a global technology group based in Graz, Austria, with a history dating back to its founding in 1852. The company specializes in providing equipment, systems, and services for industrial processes across four key business areas: Hydropower, Pulp & Paper, Metals, and Separation. Through a combination of engineering expertise and in-house manufacturing, Andritz develops tailored solutions that meet the demands of energy efficiency, resource optimization, and environmental sustainability.

In its Hydropower division, Andritz designs and installs turbines, generators, and automation systems for run-of-river, reservoir and pumped storage plants.