Vestas Wind Systems AS (OTCMKTS:VWDRY) Sets New 1-Year High on Analyst Upgrade

by · The Markets Daily

Shares of Vestas Wind Systems AS (OTCMKTS:VWDRY – Get Free Report) hit a new 52-week high during trading on Wednesday after Kepler Capital Markets upgraded the stock from a strong sell rating to a strong-buy rating. The company traded as high as $8.70 and last traded at $8.64, with a volume of 31383 shares traded. The stock had previously closed at $8.25.

A number of other analysts have also recently commented on VWDRY. Berenberg Bank cut Vestas Wind Systems AS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 13th. Barclays reiterated an “underweight” rating on shares of Vestas Wind Systems AS in a research note on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Vestas Wind Systems AS in a research report on Friday, August 15th. Finally, Fearnley Fonds cut shares of Vestas Wind Systems AS from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Vestas Wind Systems AS currently has a consensus rating of “Hold”.

Get Our Latest Analysis on Vestas Wind Systems AS

Vestas Wind Systems AS Stock Performance

The stock has a 50 day moving average of $7.37 and a two-hundred day moving average of $6.45. The stock has a market capitalization of $27.00 billion, a PE ratio of 26.21, a P/E/G ratio of 0.74 and a beta of 1.21. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.97 and a quick ratio of 0.60.

Vestas Wind Systems AS (OTCMKTS:VWDRY – Get Free Report) last released its earnings results on Wednesday, November 5th. The energy company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. The company had revenue of $6.14 billion during the quarter, compared to the consensus estimate of $5.43 billion. Vestas Wind Systems AS had a return on equity of 27.61% and a net margin of 5.00%. Research analysts expect that Vestas Wind Systems AS will post 0.27 EPS for the current fiscal year.

About Vestas Wind Systems AS

(Get Free Report)

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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