Wartsila (OTCMKTS:WRTBY) Receives Consensus Rating of "Reduce" from Brokerages

Key Points

• Wärtsilä has a consensus “Reduce” rating from seven brokerages, with three sell recommendations and four hold ratings.
• Recent analyst actions were mostly cautious: UBS downgraded the stock to neutral, Citigroup maintained a sell rating, and Goldman Sachs upgraded it from strong sell to neutral.
• The company reported quarterly EPS of $0.06 and revenue of $1.81 billion, exceeding the $1.73 billion analyst estimate. Shares opened at $6.75, below their 50-day and 200-day moving averages.

Shares of Wartsila (OTCMKTS:WRTBY - Get Free Report) have been given an average rating of "Reduce" by the seven ratings firms that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company.

A number of equities analysts have recently commented on the company. UBS Group cut Wartsila from a "buy" rating to a "neutral" rating in a report on Thursday, May 28th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Wartsila in a research report on Thursday, April 30th. Citigroup reissued a "sell" rating on shares of Wartsila in a research note on Monday, July 27th. The Goldman Sachs Group upgraded shares of Wartsila from a "strong sell" rating to a "neutral" rating in a research note on Thursday, June 4th. Finally, Oddo Bhf initiated coverage on shares of Wartsila in a report on Tuesday, July 7th. They set a "neutral" rating on the stock.

Wartsila Price Performance

OTCMKTS:WRTBY opened at $6.75 on Tuesday. Wartsila has a 52 week low of $5.36 and a 52 week high of $9.49. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.04 and a current ratio of 1.39. The firm's 50-day simple moving average is $7.25 and its 200 day simple moving average is $7.84. The firm has a market cap of $19.99 billion, a price-to-earnings ratio of 25.98 and a beta of 1.26.

Wartsila (OTCMKTS:WRTBY - Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $0.06 EPS for the quarter. Wartsila had a return on equity of 24.27% and a net margin of 9.77%.The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.73 billion. As a group, sell-side analysts predict that Wartsila will post 0.25 earnings per share for the current year.

Wartsila Company Profile

Wärtsilä OTCMKTS: WRTBY is a Finnish technology company specializing in sustainable solutions for the marine and energy sectors. Founded in 1834 and headquartered in Helsinki, Finland, Wärtsilä designs, manufactures and services equipment ranging from marine engines and propulsion systems to complete power plants. The company's Energy Business provides flexible gas, multi-fuel and hybrid power plants, as well as long-term operation and maintenance services. In its Marine Business, Wärtsilä delivers integrated systems for ship design, digital operations and lifecycle support.

With a presence in over 80 countries, Wärtsilä serves shipowners, shipyards, power producers and utilities around the world.

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