Vestas Wind Systems AS (OTCMKTS:VWDRY) Shares Gap Up – Time to Buy?

Vestas Wind Systems AS (OTCMKTS:VWDRY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $9.29, but opened at $9.67. Vestas Wind Systems AS shares last traded at $9.70, with a volume of 4,456 shares traded.

Analysts Set New Price Targets

A number of equities analysts recently commented on VWDRY shares. Barclays reaffirmed an “underweight” rating on shares of Vestas Wind Systems AS in a research note on Wednesday, December 3rd. DZ Bank upgraded Vestas Wind Systems AS to a “strong-buy” rating in a report on Sunday, December 21st. Berenberg Bank downgraded Vestas Wind Systems AS from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 13th. Finally, Kepler Capital Markets raised Vestas Wind Systems AS from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, December 10th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Vestas Wind Systems AS Trading Up 3.7%

The company has a current ratio of 0.97, a quick ratio of 0.60 and a debt-to-equity ratio of 0.74. The company has a market cap of $29.46 billion, a PE ratio of 28.60, a P/E/G ratio of 0.55 and a beta of 1.17. The business’s 50-day simple moving average is $8.53 and its 200-day simple moving average is $7.07.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last posted its quarterly earnings results on Wednesday, November 5th. The energy company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.07 by $0.05. Vestas Wind Systems AS had a net margin of 5.00% and a return on equity of 27.61%. The business had revenue of $6.14 billion for the quarter, compared to analysts’ expectations of $5.43 billion. As a group, analysts expect that Vestas Wind Systems AS will post 0.27 EPS for the current fiscal year.

About Vestas Wind Systems AS

Vestas Wind Systems A/S (OTCMKTS: VWDRY) is a Danish company that develops, manufactures, installs and services wind turbines and related solutions for the global wind energy industry. The company is known for providing complete wind power solutions across a project’s lifecycle, from initial site assessment and turbine design through to installation, commissioning and long‑term operations and maintenance.

Vestas’ product and service offering spans turbine platforms for onshore and offshore wind, along with key components such as blades, nacelles and towers.