Acerinox (OTCMKTS:ANIOY) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Acerinox received a consensus “Moderate Buy” rating from six analysts: three buy ratings, one strong buy, one hold and one sell. Recent coverage included upgrades from Jefferies and Zacks Research.
• The stock opened at $10.44, near its 52-week high of $10.74, with a market capitalization of $5.21 billion and a P/E ratio of 80.31.
• Acerinox reported quarterly EPS of $0.17, exceeding the $0.13 consensus estimate, while revenue totaled $1.84 billion. Analysts expect full-year EPS of $0.49.

Acerinox (OTCMKTS:ANIOY - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the six ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company.

A number of brokerages recently issued reports on ANIOY. Citigroup reiterated a "buy" rating on shares of Acerinox in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Acerinox in a research report on Monday, July 27th. Jefferies Financial Group upgraded Acerinox to a "strong-buy" rating in a report on Monday, July 13th. Zacks Research upgraded shares of Acerinox from a "strong sell" rating to a "hold" rating in a report on Friday, May 1st. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Acerinox in a research report on Monday, June 15th.

Acerinox Stock Performance

Shares of Acerinox stock opened at $10.44 on Friday. The business has a 50-day moving average price of $9.48 and a two-hundred day moving average price of $8.35. Acerinox has a 1-year low of $6.11 and a 1-year high of $10.74. The company has a current ratio of 1.65, a quick ratio of 0.91 and a debt-to-equity ratio of 0.60. The company has a market cap of $5.21 billion, a P/E ratio of 80.31 and a beta of 1.11.

Acerinox (OTCMKTS:ANIOY - Get Free Report) last released its earnings results on Friday, July 24th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.04. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $3.51 billion. Acerinox had a net margin of 0.95% and a return on equity of 2.59%. As a group, analysts anticipate that Acerinox will post 0.49 EPS for the current year.

Acerinox Company Profile

Acerinox is a Madrid-based global producer of stainless steel products with an integrated value chain that spans melting, hot rolling, cold rolling, annealing and finishing processes. Founded in 1970, the company operates multiple stainless steel mills and recycling facilities in Europe, North America and Asia, enabling a fully vertically integrated manufacturing model. This structure supports consistent product quality, cost efficiency and a commitment to sustainable production practices.

The company's core product portfolio comprises flat and long stainless steel formats, including coils, sheets, plates and bars.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source