Acerinox (OTCMKTS:ANIOY) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Acerinox (OTCMKTS:ANIOY – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company.

Several research analysts have commented on the stock. BNP Paribas Exane cut shares of Acerinox from a “neutral” rating to an “underperform” rating in a research report on Wednesday, July 8th. Citigroup reissued a “buy” rating on shares of Acerinox in a report on Tuesday, September 15th. Jefferies Financial Group raised Acerinox to a “strong-buy” rating in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Acerinox in a research note on Friday, September 4th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Acerinox in a research note on Monday, June 15th.

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Acerinox Stock Performance

Shares of ANIOY opened at $9.90 on Monday. The stock’s 50-day moving average is $10.15 and its two-hundred day moving average is $9.07. The stock has a market cap of $4.94 billion, a PE ratio of 76.15 and a beta of 1.08. Acerinox has a 12 month low of $6.22 and a 12 month high of $10.74. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.65 and a quick ratio of 0.79.

Acerinox (OTCMKTS:ANIOY – Get Free Report) last posted its quarterly earnings results on Friday, July 24th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.04. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $3.51 billion. Acerinox had a return on equity of 2.59% and a net margin of 0.95%. Equities analysts forecast that Acerinox will post 0.51 earnings per share for the current fiscal year.

About Acerinox

(Get Free Report)

Acerinox, SA is a Spanish manufacturer of stainless steel and high-performance alloys. The company produces flat and long stainless-steel products, including sheets, coils, plates, bars, wire rod and wire, serving applications such as construction, transportation, energy, industrial equipment, food processing and household products.

Founded in 1970, Acerinox has developed an international production and distribution network. Its principal manufacturing operations have included facilities in Spain, the United States and South Africa, while its commercial network serves customers across Europe, the Americas, Africa and Asia.

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