Shares of Outokumpu Oyj (OTCMKTS:OUTKY) have been given an average recommendation of “Buy” by the nine brokerages that are covering the stock, MarketBeat.com 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 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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