Salzgitter AG (OTCMKTS:SZGPY) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Analysts give Salzgitter a consensus rating of "Hold" from nine firms: 1 sell, 4 hold, 3 buy and 1 strong buy.
• Salzgitter missed quarterly expectations with EPS of ($0.05) versus a ($0.02) consensus, reported negative ROE and net margin, and analysts forecast about -0.68 EPS for the fiscal year.
• Shares opened at $4.59, trade within a 12‑month range of $2.09–$6.86, and the company has a market cap of ~$2.48 billion and a negative P/E of -30.6.

Shares of Salzgitter AG (OTCMKTS:SZGPY - Get Free Report) have been given a consensus recommendation of "Hold" by the nine ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company.

Several equities research analysts have issued reports on SZGPY shares. UBS Group downgraded Salzgitter from a "buy" rating to a "hold" rating in a research report on Thursday, January 22nd. Morgan Stanley reiterated an "underweight" rating on shares of Salzgitter in a research note on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Salzgitter in a report on Thursday, February 5th. Citigroup restated a "neutral" rating on shares of Salzgitter in a research note on Thursday, January 22nd. Finally, Oddo Bhf raised Salzgitter from an "underperform" rating to an "outperform" rating in a report on Monday, January 19th.

Salzgitter Price Performance

SZGPY opened at $4.59 on Friday. The firm has a 50-day moving average price of $5.65 and a 200-day moving average price of $4.44. Salzgitter has a twelve month low of $2.09 and a twelve month high of $6.86. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of -30.60 and a beta of 1.36.

Salzgitter (OTCMKTS:SZGPY - Get Free Report) last released its quarterly earnings data on Thursday, March 19th. The basic materials company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.03). Salzgitter had a negative return on equity of 1.61% and a negative net margin of 0.78%.The business had revenue of $2.46 billion during the quarter. On average, sell-side analysts expect that Salzgitter will post -0.68 earnings per share for the current fiscal year.

About Salzgitter

Salzgitter AG is a leading European steel producer headquartered in Salzgitter, Germany. The company operates an integrated steelworks, encompassing ironmaking, steelmaking, continuous casting and rolling mills. Its core business revolves around the production and processing of steel products for various industries, including automotive, construction, mechanical engineering and energy.

Founded in 1937 as part of Germany's industrial expansion, Salzgitter evolved through post-war reconstruction and state ownership before being privatized in the late 1990s.

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