RWE (OTCMKTS:RWEOY) Reaches New 12-Month High - Here's What Happened

Key Points

• RWE shares hit a new 52‑week high, trading as high as $71.99 and last at $71.52 on Tuesday with about 39,787 shares changing hands.
• Analysts are mixed—recent upgrades and downgrades leave a MarketBeat consensus of “Moderate Buy” but an average target price of $53.30, substantially below the current share price.
• RWE beat on earnings with EPS of $0.84 vs. $0.59 expected while revenue matched estimates at $18.29 billion; the stock trades at a P/E of 14.66 and a market cap near $51.9 billion.

RWE AG (OTCMKTS:RWEOY - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $71.99 and last traded at $71.52, with a volume of 39787 shares changing hands. The stock had previously closed at $70.61.

Analyst Ratings Changes

A number of brokerages have recently issued reports on RWEOY. Kepler Capital Markets upgraded RWE from a "strong sell" rating to a "hold" rating in a research report on Monday, March 16th. Citigroup restated a "neutral" rating on shares of RWE in a research report on Wednesday, February 11th. Sanford C. Bernstein downgraded RWE from an "outperform" rating to a "hold" rating in a research report on Friday, February 13th. Finally, Zacks Research upgraded RWE from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $53.30.

RWE Stock Up 1.3%

The stock has a 50-day moving average of $65.63 and a two-hundred day moving average of $58.03. The company has a market cap of $51.93 billion, a P/E ratio of 14.66, a P/E/G ratio of 2.06 and a beta of 0.64. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.43 and a current ratio of 1.50.

RWE (OTCMKTS:RWEOY - Get Free Report) last released its earnings results on Thursday, March 12th. The utilities provider reported $0.84 earnings per share for the quarter, topping analysts' consensus estimates of $0.59 by $0.25. The company had revenue of $18.29 billion during the quarter, compared to the consensus estimate of $18.29 billion. RWE had a return on equity of 4.79% and a net margin of 17.96%. On average, research analysts anticipate that RWE AG will post 3.15 EPS for the current fiscal year.

About RWE

RWE AG, traded in the U.S. as OTCMKTS:RWEOY, is a leading European energy company headquartered in Essen, Germany. The firm operates as an integrated utility, encompassing power generation, supply, trading and renewable energy development. Its diversified portfolio spans conventional assets—such as gas- and coal-fired power plants—and an expanding array of wind, solar and battery-storage projects managed through its RWE Renewables division.

In its conventional business, RWE Generation produces baseload and peak‐load electricity to meet industrial and consumer demand across Germany, the Netherlands and the UK.

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