Vestas Wind Systems AS (OTCMKTS:VWDRY) Stock Price Breaks Above 200 Day Moving Average - Should You Sell?

Key Points

• Vestas shares rose above their 200-day moving average, reaching $9.5640 and last trading at $9.54, compared with the $9.46 long-term average.
• Analyst sentiment is generally positive: the stock has a consensus “Buy” rating, including four Strong Buy ratings, though one analyst rates it Sell and another rates it Hold.
• Vestas exceeded quarterly expectations, reporting $0.11 EPS versus a $0.06 consensus and revenue of $5.45 billion versus $5.19 billion expected. Shares remain below the 50-day moving average of $10.19.

Vestas Wind Systems AS (OTCMKTS:VWDRY - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $9.46 and traded as high as $9.5640. Vestas Wind Systems AS shares last traded at $9.54, with a volume of 272,681 shares.

Analysts Set New Price Targets

VWDRY has been the topic of several recent research reports. Citigroup reaffirmed a "buy" rating on shares of Vestas Wind Systems AS in a report on Thursday, August 13th. Berenberg Bank upgraded shares of Vestas Wind Systems AS from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 26th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Vestas Wind Systems AS in a research report on Friday, August 14th. Four equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy".

Vestas Wind Systems AS Stock Up 3.0%

The company has a fifty day moving average price of $10.19 and a 200 day moving average price of $9.46. The company has a market cap of $28.49 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 0.69 and a beta of 1.03. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.03 and a quick ratio of 0.66.

Vestas Wind Systems AS (OTCMKTS:VWDRY - Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The energy company reported $0.11 earnings per share (EPS) 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 29.07%. The company had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.19 billion. As a group, analysts anticipate that Vestas Wind Systems AS will post 0.52 EPS for the current year.

Vestas Wind Systems AS Company Profile

Vestas Wind Systems A/S is a Denmark-based renewable energy company that designs, manufactures, installs and services wind turbines. Its products and solutions are used in onshore and offshore wind energy projects, supported by digital monitoring, maintenance and lifecycle services intended to improve turbine performance and reliability.

The company serves utilities, independent power producers, commercial customers and other energy developers across major wind markets worldwide. Its activities cover the wind project lifecycle, including turbine supply, installation, commissioning, service agreements, spare parts and other operational support.

Vestas traces its origins to 1945, when it was established in Denmark as a manufacturer of household appliances and later agricultural machinery.

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