Aperam (OTCMKTS:APEMY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Aperam (OTCMKTS:APEMY – Get Free Report) have received an average rating of “Moderate Buy” from the six research firms that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company.

Several equities research analysts have commented on the company. Zacks Research upgraded Aperam from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Citigroup reiterated a “neutral” rating on shares of Aperam in a research note on Wednesday, May 20th. Jefferies Financial Group upgraded Aperam from a “hold” rating to a “buy” rating in a research note on Wednesday, April 15th. Morgan Stanley reiterated an “overweight” rating on shares of Aperam in a research note on Thursday, February 19th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Aperam in a research note on Thursday, May 14th.

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Aperam Price Performance

OTCMKTS:APEMY opened at $55.00 on Tuesday. Aperam has a 52 week low of $29.17 and a 52 week high of $57.00. 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 stock has a market capitalization of $4.02 billion, a PE ratio of 119.57 and a beta of 1.24. The stock’s 50-day moving average price is $46.97 and its 200-day moving average price is $43.96.

Aperam (OTCMKTS:APEMY – Get Free Report) last announced its earnings results on Thursday, April 30th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.07). Aperam had a net margin of 0.49% and a return on equity of 0.94%. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.82 billion. As a group, equities analysts expect that Aperam will post 2.3 EPS for the current fiscal year.

About Aperam

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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.

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