Vestas Wind Systems AS (OTCMKTS:VWDRY) Stock Now Rated “Buy” by Wall Street Analysts

Vestas Wind Systems AS (OTCMKTS:VWDRY) has been given an average rating of “Buy” by the seven brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and four have given a strong buy rating to the company.

A number of research firms have recently weighed in on VWDRY. Citigroup reaffirmed a “buy” rating on shares of Vestas Wind Systems AS in a research report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Vestas Wind Systems AS in a report on Friday, August 14th. Finally, Berenberg Bank raised Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 26th.

Vestas Wind Systems AS Stock Performance

OTCMKTS VWDRY opened at $10.02 on Tuesday. The company has a market cap of $29.93 billion, a P/E ratio of 23.30, a P/E/G ratio of 0.73 and a beta of 1.03. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.03 and a quick ratio of 0.66. The stock has a 50-day moving average of $10.22 and a two-hundred day moving average of $9.65. Vestas Wind Systems AS has a 1-year low of $6.15 and a 1-year high of $11.36.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last issued its quarterly earnings results on Wednesday, August 12th. The energy company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.05. Vestas Wind Systems AS had a net margin of 5.42% and a return on equity of 29.07%. The business had revenue of $5.45 billion for the quarter, compared to analysts’ expectations of $5.19 billion. As a group, analysts anticipate that Vestas Wind Systems AS will post 0.54 EPS for the current year.

About Vestas Wind Systems AS

Vestas Wind Systems A/S is a Denmark-based renewable energy company focused on wind power. The company designs, manufactures, installs and services wind turbines and provides related technology, software and lifecycle support for wind energy projects.

Vestas supplies solutions for both onshore and offshore wind farms. Its services include turbine maintenance, monitoring, upgrades and other operational support intended to help customers improve the performance and reliability of their wind assets over time.

Founded in 1945, Vestas serves utilities, independent power producers, developers and other energy customers in markets around the world.