Vestas Wind Systems AS (OTCMKTS:VWDRY) Receives Average Recommendation of "Buy" from Brokerages

Key Points

• Vestas Wind Systems received a consensus “Buy” rating from seven analysts: four rated it a strong buy, one buy, one hold, and one sell. Berenberg and Kepler Capital Markets recently upgraded the stock to strong buy.
• The shares opened at $11.11, up 2.4%, near their 52-week high of $11.24, with a market capitalization of approximately $33.18 billion.
• Vestas exceeded quarterly expectations, reporting $0.11 in earnings per share versus the $0.06 consensus and revenue of $5.45 billion versus the expected $5.19 billion.

Shares of Vestas Wind Systems AS (OTCMKTS:VWDRY - Get Free Report) have received a consensus recommendation of "Buy" from the seven ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, one has given a buy recommendation and four have assigned a strong buy recommendation to the company.

Several equities analysts recently commented on the company. Berenberg Bank raised Vestas Wind Systems AS from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Vestas Wind Systems AS in a research note on Friday, August 14th. Citigroup reaffirmed a "buy" rating on shares of Vestas Wind Systems AS in a research note on Thursday, August 13th. Finally, Kepler Capital Markets raised shares of Vestas Wind Systems AS from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 5th.

Vestas Wind Systems AS Stock Up 2.4%

VWDRY opened at $11.11 on Friday. Vestas Wind Systems AS has a 1 year low of $5.92 and a 1 year high of $11.24. The firm has a 50 day moving average price of $9.62 and a 200 day moving average price of $9.32. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.67 and a current ratio of 1.03. The company has a market cap of $33.18 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 0.79 and a beta of 0.99.

Vestas Wind Systems AS (OTCMKTS:VWDRY - Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The energy company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.05. Vestas Wind Systems AS had a net margin of 5.42% and a return on equity of 29.50%. The firm had revenue of $5.45 billion during the quarter, compared to analysts' expectations of $5.19 billion. Sell-side analysts expect that Vestas Wind Systems AS will post 0.54 earnings per share for the current year.

Vestas Wind Systems AS Company Profile

Vestas Wind Systems A/S OTCMKTS: VWDRY is a Danish company that develops, manufactures, installs and services wind turbines and related solutions for the global wind energy industry. The company is known for providing complete wind power solutions across a project's lifecycle, from initial site assessment and turbine design through to installation, commissioning and long‑term operations and maintenance.

Vestas' product and service offering spans turbine platforms for onshore and offshore wind, along with key components such as blades, nacelles and towers.

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