Acerinox (OTCMKTS:ANIOY) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Acerinox has a “Moderate Buy” consensus rating from six analysts: three buy ratings, one strong buy, one hold and one sell. Recent coverage included upgrades from Jefferies and reiterated buy or overweight ratings from Citi, Deutsche Bank and Morgan Stanley, while BNP Paribas Exane downgraded the stock to underperform.
• The shares opened at $10.18, up 0.6%, near their 52-week high of $10.74. Acerinox has a $5.08 billion market capitalization, a 78.30 price-to-earnings ratio and a 0.60 debt-to-equity ratio.
• In its latest quarter, Acerinox reported $0.17 in EPS, exceeding the $0.13 consensus estimate, while revenue came in at $1.84 billion. Analysts expect full-year EPS of approximately $0.51.

Shares of Acerinox (OTCMKTS:ANIOY - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six analysts that are presently covering the company, MarketBeat.com 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.

ANIOY has been the topic of a number of recent research reports. BNP Paribas Exane downgraded shares of Acerinox from a "neutral" rating to an "underperform" rating in a research report on Wednesday, July 8th. Citigroup reiterated a "buy" rating on shares of Acerinox in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Acerinox in a research note on Monday, July 27th. Jefferies Financial Group raised Acerinox to a "strong-buy" rating in a report on Monday, July 13th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Acerinox in a research report on Monday, June 15th.

Acerinox Trading Up 0.6%

OTCMKTS:ANIOY opened at $10.18 on Thursday. The company has a quick ratio of 0.79, a current ratio of 1.65 and a debt-to-equity ratio of 0.60. The business's 50 day moving average is $9.75 and its two-hundred day moving average is $8.67. Acerinox has a 52 week low of $6.11 and a 52 week high of $10.74. The company has a market cap of $5.08 billion, a PE ratio of 78.30 and a beta of 1.10.

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

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