Outokumpu Oyj (OTCMKTS:OUTKY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Outokumpu Oyj (OTCMKTS:OUTKY – Get Rating) has received an average recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $7.65.

Several research firms have recently weighed in on OUTKY. Morgan Stanley dropped their target price on shares of Outokumpu Oyj from €6.60 ($6.80) to €6.30 ($6.49) in a research report on Thursday, June 23rd. Credit Suisse Group upgraded shares of Outokumpu Oyj from a “neutral” rating to an “outperform” rating in a research note on Monday, June 6th. JPMorgan Chase & Co. reduced their target price on shares of Outokumpu Oyj from €10.00 ($10.31) to €9.00 ($9.28) and set an “overweight” rating for the company in a research note on Wednesday, April 27th. Finally, Danske cut shares of Outokumpu Oyj from a “buy” rating to a “hold” rating in a research note on Tuesday, June 14th.

Outokumpu Oyj Price Performance

OUTKY stock opened at $2.74 on Tuesday. Outokumpu Oyj has a 52 week low of $2.51 and a 52 week high of $3.63. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 3.91 and a beta of 0.81. The firm’s 50-day moving average is $2.75 and its two-hundred day moving average is $2.82. The company has a current ratio of 1.28, a quick ratio of 0.48 and a debt-to-equity ratio of 0.19.

Outokumpu Oyj Company Profile

(Get Rating)

Outokumpu Oyj produces and sells various stainless steel products in Finland, other European countries, North America, the Asia-Pacific, and internationally. It offers cold rolled coils, strips, and sheets; precision strips; hot rolled coils, strips, and plates; quarto plates; precise components, including welded stainless-steel I-beams, H-beams, hollow-section tubes, bent profiles, structural sections, press plates, roll shells, and blancs and disks; semi-finished stainless steel long products comprising billets and blooms, forged and rolled billets, cast slabs, ingots, and rebar; and stainless steel wire rods, wires, and bars.

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