Aperam (OTCMKTS:APEMY) Stock Rating Lowered by Zacks Research

Key Points

• Zacks Research downgraded Aperam from a "hold" to a strong sell in a report released Thursday.
• Analyst coverage is mixed—three Buy, two Hold and one Sell—leaving a MarketBeat consensus rating of Hold.
• Aperam missed Q1 EPS expectations ($0.05 vs. $0.12) despite a slight revenue beat, and shows thin profitability (net margin ~0.5%) with a high valuation (PE ~300) and market cap around $3.51 billion.

Aperam (OTCMKTS:APEMY - Get Free Report) was downgraded by equities researchers at Zacks Research from a "hold" rating to a "strong sell" rating in a report released on Thursday,Zacks.com reports.

APEMY has been the topic of several other research reports. Jefferies Financial Group upgraded shares of Aperam from a "hold" rating to a "buy" rating in a report on Wednesday, April 15th. Citigroup reissued a "neutral" rating on shares of Aperam in a research note on Friday, April 17th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Aperam in a research report on Tuesday, April 14th. Oddo Bhf lowered shares of Aperam to a "neutral" rating in a research report on Wednesday, January 14th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Aperam in a research report on Thursday, February 19th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Aperam presently has a consensus rating of "Hold".

Aperam Price Performance

APEMY stock opened at $48.00 on Thursday. The firm has a market cap of $3.51 billion, a PE ratio of 300.02 and a beta of 1.24. The company has a current ratio of 3.15, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. Aperam has a 1 year low of $28.95 and a 1 year high of $54.50. The company has a fifty day simple moving average of $44.46 and a 200 day simple moving average of $41.97.

Aperam (OTCMKTS:APEMY - Get Free Report) last released its earnings results on Thursday, April 30th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.07). The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.82 billion. Aperam had a return on equity of 0.94% and a net margin of 0.49%. Sell-side analysts anticipate that Aperam will post 1.83 EPS for the current fiscal year.

About Aperam

Aperam is a global stainless, electrical and specialty steel producer with headquarters in Luxembourg. The company designs, manufactures and distributes a wide range of stainless and electrical steel products that serve markets such as automotive, household appliances, construction, energy and mechanical industries. Aperam operates an integrated value chain that spans mining, steelmaking, finishing and distribution, enabling it to control quality and deliver tailored solutions to its customers.

The company was established in 2011 following a carve-out from ArcelorMittal and has since developed a distinct identity focused on sustainable stainless steel production.

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