Shares of Salzgitter AG (OTCMKTS:SZGPY – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company.
SZGPY has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Salzgitter in a research note on Wednesday, August 12th. Jefferies Financial Group raised shares of Salzgitter from a “hold” rating to a “buy” rating in a research note on Monday, July 13th. Zacks Research raised Salzgitter to a “hold” rating in a research report on Thursday, July 16th. Morgan Stanley upgraded Salzgitter from an “underweight” rating to an “overweight” rating in a report on Monday, June 1st. Finally, Citigroup reissued a “neutral” rating on shares of Salzgitter in a research report on Wednesday, May 20th.
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Salzgitter Price Performance
Salzgitter (OTCMKTS:SZGPY – Get Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The basic materials company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.15). The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.42 billion. Salzgitter had a net margin of 0.65% and a return on equity of 1.30%. As a group, analysts anticipate that Salzgitter will post 0.22 EPS for the current 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.
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