RWE (OTCMKTS:RWEOY) Reaches New 52-Week High - Should You Buy?

Key Points

• RWE hit a new 52-week high, trading as high as $68.68 (last $68.55) on about 40,990 shares, well above its 50- and 200-day moving averages of $63.76 and $55.48.
• Analysts are mixed after recent rating changes; the consensus is a Moderate Buy but the average price target of $53.30 is materially below the current share price.
• RWE beat quarterly EPS estimates ($0.84 vs. $0.59) with revenue of $18.29B in line, and the company trades at a P/E of 14.05 with a market cap around $49.8B.

RWE AG (OTCMKTS:RWEOY - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $68.68 and last traded at $68.55, with a volume of 40990 shares traded. The stock had previously closed at $68.21.

Analyst Ratings Changes

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

RWE Price Performance

The stock has a 50 day simple moving average of $63.76 and a two-hundred day simple moving average of $55.48. The company has a market cap of $49.77 billion, a price-to-earnings ratio of 14.05, a price-to-earnings-growth ratio of 1.99 and a beta of 0.64. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.30 and a quick ratio of 1.21.

RWE (OTCMKTS:RWEOY - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $18.29 billion. RWE had a return on equity of 4.96% and a net margin of 17.96%. On average, equities research analysts predict that RWE AG will post 3.18 earnings per share for the current fiscal year.

RWE Company Profile

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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