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

Key Points

• Zacks Research upgraded Aperam from a "hold" to a "strong-buy".
• Analyst coverage is mixed — one Strong Buy, two Buy and four Hold ratings for an average consensus of "Moderate Buy," with recent notes including Deutsche Bank's Buy and Morgan Stanley's Overweight while Citigroup and Oddo Bhf stayed neutral.
• Shares rose about 3% to open at $41.52 after Aperam reported quarterly EPS of $0.46 (beat $0.33 est.) but revenue of $1.58B missed estimates; the company has a market cap of $3.04B and a high trailing PE of ~259.5.

Aperam (OTCMKTS:APEMY - Get Free Report) was upgraded by Zacks Research from a "hold" rating to a "strong-buy" rating in a research report issued on Tuesday,Zacks.com reports.

APEMY has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Aperam in a report on Monday, February 9th. Citigroup reaffirmed a "neutral" rating on shares of Aperam in a research note on Thursday, January 22nd. Morgan Stanley reissued an "overweight" rating on shares of Aperam in a research note on Thursday, February 19th. Finally, Oddo Bhf lowered shares of Aperam to a "neutral" rating in a report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Aperam has an average rating of "Moderate Buy".

Aperam Stock Up 3.0%

APEMY opened at $41.52 on Tuesday. The business's fifty day simple moving average is $45.57 and its 200 day simple moving average is $39.32. Aperam has a 52 week low of $25.97 and a 52 week high of $54.50. The company has a quick ratio of 0.82, a current ratio of 3.15 and a debt-to-equity ratio of 0.33. The stock has a market cap of $3.04 billion, a PE ratio of 259.52 and a beta of 1.05.

Aperam (OTCMKTS:APEMY - Get Free Report) last issued its quarterly earnings results on Friday, February 6th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.13. Aperam had a return on equity of 1.05% and a net margin of 0.17%.The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.69 billion. As a group, research analysts expect that Aperam will post 2.84 earnings per share for the current fiscal year.

Aperam Company Profile

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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