Acerinox (OTCMKTS:ANIOY) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Acerinox holds a “Moderate Buy” consensus rating from six analysts: three Buys, one Strong Buy, one Hold and one Sell. Recent ratings include upgrades from Jefferies and positive recommendations from Citigroup, Morgan Stanley and Deutsche Bank, though BNP Paribas Exane downgraded the stock to Underperform.
• The stock opened at $9.90, with a market capitalization of approximately $4.94 billion and a 52-week range of $6.22 to $10.74.
• Acerinox reported quarterly EPS of $0.17, exceeding the $0.13 analyst consensus, while revenue reached $1.84 billion. Analysts expect full-year EPS of approximately $0.51.

Acerinox (OTCMKTS:ANIOY - Get Free Report) has received an average recommendation of "Moderate Buy" from the six analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company.

A number of analysts have commented on the stock. Citigroup restated a "buy" rating on shares of Acerinox in a research report on Tuesday, September 15th. BNP Paribas Exane cut shares of Acerinox from a "neutral" rating to an "underperform" rating in a report on Wednesday, July 8th. Morgan Stanley reiterated an "overweight" rating on shares of Acerinox in a research note on Monday, June 15th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Acerinox in a report on Friday, September 4th. Finally, Jefferies Financial Group raised Acerinox to a "strong-buy" rating in a research note on Monday, July 13th.

Acerinox Stock Performance

OTCMKTS:ANIOY opened at $9.90 on Monday. The stock has a market cap of $4.94 billion, a price-to-earnings ratio of 76.15 and a beta of 1.10. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.79 and a current ratio of 1.65. Acerinox has a 1 year low of $6.22 and a 1 year high of $10.74. The business has a fifty day moving average of $10.11 and a 200-day moving average of $8.97.

Acerinox (OTCMKTS:ANIOY - Get Free Report) last issued its quarterly earnings data on Friday, July 24th. The company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.04. The business had revenue of $1.84 billion for the quarter, compared to analysts' expectations of $3.51 billion. Acerinox had a net margin of 0.95% and a return on equity of 2.59%. Equities analysts predict that Acerinox will post 0.51 earnings per share for the current year.

Acerinox Company Profile

Acerinox, SA is a Spain-based manufacturer of stainless steel and high-performance alloys. The company produces flat and long stainless-steel products, including slabs, hot- and cold-rolled coils, sheets, plates, bars, wire rod and other specialized formats. Its materials are used in sectors such as construction, industrial equipment, transportation, energy, food processing and household appliances.

Founded in 1970, Acerinox has developed into an international metals group with production and commercial operations serving customers in Europe, North America, South Africa and other global markets.

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