Vestas Wind Systems AS (OTCMKTS:VWDRY) Hits New 52-Week High - What's Next?

Key Points

• Vestas shares reached a new 52-week high, trading as high as $11.05 and last changing hands at $10.96, above its prior close of $10.90.
• Analyst sentiment is generally positive: Citigroup maintained a Buy rating and Kepler Capital Markets upgraded the stock to Strong Buy. MarketBeat reports a consensus rating of “Moderate Buy.”
• Vestas exceeded quarterly expectations, reporting $0.11 in earnings per share versus estimates of $0.06 and revenue of $5.45 billion versus forecasts of $5.19 billion.

Vestas Wind Systems AS (OTCMKTS:VWDRY - Get Free Report) shares hit a new 52-week high on Wednesday . The stock traded as high as $11.05 and last traded at $10.96, with a volume of 95053 shares trading hands. The stock had previously closed at $10.90.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on VWDRY. Citigroup restated a "buy" rating on shares of Vestas Wind Systems AS in a report on Thursday, August 13th. Kepler Capital Markets upgraded Vestas Wind Systems AS from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Vestas Wind Systems AS in a research report on Friday, August 14th. Three equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Vestas Wind Systems AS presently has a consensus rating of "Moderate Buy".

Vestas Wind Systems AS Stock Performance

The stock's fifty day simple moving average is $9.33 and its two-hundred day simple moving average is $9.21. The company has a market cap of $32.73 billion, a price-to-earnings ratio of 25.49, a price-to-earnings-growth ratio of 0.79 and a beta of 0.97. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.67 and a current ratio of 1.03.

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