Outokumpu Oyj (OTCMKTS:OUTKY – Get Rating) had its target price decreased by equities researchers at Morgan Stanley from €6.60 ($6.95) to €6.30 ($6.63) in a report issued on Thursday, The Fly reports.
Several other equities analysts have also recently issued reports on the company. Credit Suisse Group upgraded Outokumpu Oyj from a “neutral” rating to an “outperform” rating in a research note on Monday, June 6th. JPMorgan Chase & Co. decreased their target price on Outokumpu Oyj from €10.00 ($10.53) to €9.00 ($9.47) and set an “overweight” rating for the company in a research note on Wednesday, April 27th. Finally, Danske cut Outokumpu Oyj from a “buy” rating to a “hold” rating in a research note on Tuesday, June 14th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Outokumpu Oyj currently has an average rating of “Moderate Buy” and a consensus price target of $7.65.
Shares of OUTKY remained flat at $$2.74 during midday trading on Thursday. The business’s 50-day moving average price is $2.67 and its 200 day moving average price is $2.87. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.48 and a current ratio of 1.28. The stock has a market cap of $2.50 billion, a PE ratio of 3.91 and a beta of 0.93. Outokumpu Oyj has a 12-month low of $2.51 and a 12-month high of $3.63.
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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