Vestas Wind Systems AS (OTCMKTS:VWDRY) Shares Gap Up - Time to Buy?

Key Points

• Vestas Wind Systems AS shares saw a notable increase, opening at $6.90 after closing at $6.10, with a last traded price of $6.88.
• Analysts provided mixed ratings, with Kepler Capital Markets downgrading the stock to a "strong sell", while Berenberg Bank upgraded it to a "strong buy."
• The company reported earnings of $0.01 per share for the last quarter, exceeding expectations and generating revenue of $4.37 billion, surpassing analyst estimates of $3.98 billion.

Shares of Vestas Wind Systems AS (OTCMKTS:VWDRY - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $6.10, but opened at $6.90. Vestas Wind Systems AS shares last traded at $6.88, with a volume of 32,891 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Kepler Capital Markets lowered shares of Vestas Wind Systems AS from a "hold" rating to a "strong sell" rating in a report on Monday, July 21st. Berenberg Bank upgraded shares of Vestas Wind Systems AS from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 14th. Citigroup restated a "buy" rating on shares of Vestas Wind Systems AS in a report on Wednesday, May 21st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Vestas Wind Systems AS in a research note on Friday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy".

Vestas Wind Systems AS Stock Up 12.3%

The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.60 and a current ratio of 1.02. The company has a market cap of $20.75 billion, a price-to-earnings ratio of 25.37, a price-to-earnings-growth ratio of 0.72 and a beta of 1.25. The stock's fifty day moving average is $5.75 and its two-hundred day moving average is $5.13.

Vestas Wind Systems AS (OTCMKTS:VWDRY - Get Free Report) last released its earnings results on Wednesday, August 13th. The energy company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. The company had revenue of $4.37 billion during the quarter, compared to analyst estimates of $3.98 billion. Vestas Wind Systems AS had a return on equity of 23.27% and a net margin of 4.08%. Sell-side analysts predict that Vestas Wind Systems AS will post 0.27 earnings per share for the current fiscal year.

Vestas Wind Systems AS Company Profile

Vestas Wind Systems A/S engages in the design, manufacture, installation, and services of wind turbines the United States, Denmark, and internationally. It operates in two segments, Power Solutions and Service. The Power Solutions segment offers onshore and offshore wind power plants, wind turbines, development sites, etc.

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