Brokerages Set Outokumpu Oyj (OTCMKTS:OUTKY) Target Price at $3.50

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Shares of Outokumpu Oyj (OTCMKTS:OUTKY) have been given an average recommendation of “Buy” by the nine brokerages that are covering the stock, reports. Two equities research analysts have rated the stock with a sell rating and seven have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $3.50.

OUTKY has been the topic of several research analyst reports. Credit Suisse Group reissued an “underperform” rating on shares of Outokumpu Oyj in a report on Friday, February 5th. Morgan Stanley raised shares of Outokumpu Oyj from an “equal weight” rating to an “overweight” rating in a report on Wednesday, March 24th. Exane BNP Paribas raised shares of Outokumpu Oyj from a “neutral” rating to an “outperform” rating in a report on Monday. Zacks Investment Research raised shares of Outokumpu Oyj from a “hold” rating to a “buy” rating and set a $3.50 price target on the stock in a report on Friday. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Outokumpu Oyj in a report on Thursday.

Shares of OUTKY stock remained flat at $$3.07 on Wednesday. The company has a quick ratio of 0.60, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The stock has a 50-day moving average of $2.70 and a 200-day moving average of $2.01. The firm has a market cap of $2.52 billion, a PE ratio of -23.58 and a beta of 0.96. Outokumpu Oyj has a 52-week low of $1.17 and a 52-week high of $3.07.

Outokumpu Oyj (OTCMKTS:OUTKY) last issued its earnings results on Thursday, February 4th. The company reported ($0.05) earnings per share (EPS) for the quarter. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.56 billion. Outokumpu Oyj had a negative net margin of 1.68% and a negative return on equity of 3.75%. Sell-side analysts predict that Outokumpu Oyj will post -0.2 EPS for the current year.

Outokumpu Oyj Company Profile

Outokumpu Oyj produces and sells various stainless steel products in Finland, other European countries, North America, the Asia-Pacific, and internationally. It offers cold rolled coils, strips, and sheets; precision strips; hot rolled coils, strips, and plates; quarto plates; semi-finished stainless steel long products; stainless steel wire rods, drawn wire, bars, and rebars; welded stainless steel I-beams, H-beams, hollow-section tubes, and bent profiles for load-bearing structures; suction roll shell blanks; blancs and discs; and customized press plates and ready-to-use plates.

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Analyst Recommendations for Outokumpu Oyj (OTCMKTS:OUTKY)

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