Vestas Wind Systems AS (OTCMKTS:VWDRY) Reaches New 52-Week High - Here's Why

Key Points

• Vestas Wind Systems shares reached a new 52-week high, trading as high as $11.241 and closing around $11.24, up 2.5% from the prior close.
• Analyst sentiment is broadly positive: four analysts rate the stock a Strong Buy, one rates it Buy, one Hold, and one Sell, producing an overall MarketBeat rating of “Buy.”
• Vestas exceeded quarterly expectations, reporting $0.11 in EPS versus $0.06 expected and revenue of $5.45 billion compared with the $5.19 billion consensus estimate.

Vestas Wind Systems AS (OTCMKTS:VWDRY - Get Free Report) shares hit a new 52-week high on Tuesday . The company traded as high as $11.2410 and last traded at $11.24, with a volume of 7971 shares changing hands. The stock had previously closed at $11.02.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Vestas Wind Systems AS in a research report on Friday, August 14th. Citigroup reissued a "buy" rating on shares of Vestas Wind Systems AS in a research note on Thursday, August 13th. Berenberg Bank raised Vestas Wind Systems AS from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 26th. Finally, Kepler Capital Markets raised Vestas Wind Systems AS from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 5th. Four research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy".

Vestas Wind Systems AS Trading Up 2.5%

The company has a market capitalization of $33.75 billion, a PE ratio of 26.28, a price-to-earnings-growth ratio of 0.80 and a beta of 0.99. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.03 and a quick ratio of 0.67. The company's fifty day moving average is $9.70 and its 200-day moving average is $9.36.

Vestas Wind Systems AS (OTCMKTS:VWDRY - Get Free Report) last announced its earnings results on Wednesday, August 12th. The energy company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.05. The business 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%. On average, analysts anticipate that Vestas Wind Systems AS will post 0.54 EPS for the current fiscal 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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