Zacks Investment Research upgraded shares of OUTOKUMPU OYJ/ADR (OTCMKTS:OUTKY) from a sell rating to a buy rating in a report released on Saturday, Zacks.com reports. Zacks Investment Research currently has $1.75 target price on the stock.
According to Zacks, “Outokumpu Oyj is engages in the manufacturing of stainless steel. Its business area consists of Stainless Coil EMEA, Stainless Coil Americas, Stainless APAC and High Performance Stainless and Alloy. The company operates primarily in Europe, Middle East and Africa, Americas and Asia-Pacific. Outokumpu Oyj is headquartered in Espoo, Finland. “
Separately, ValuEngine upgraded OUTOKUMPU OYJ/ADR from a hold rating to a buy rating in a research report on Wednesday, October 2nd.
OUTOKUMPU OYJ/ADR (OTCMKTS:OUTKY) last announced its quarterly earnings data on Thursday, October 31st. The company reported ($0.03) EPS for the quarter. OUTOKUMPU OYJ/ADR had a negative return on equity of 1.20% and a negative net margin of 0.49%. The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.71 billion. On average, research analysts predict that OUTOKUMPU OYJ/ADR will post -0.1 EPS for the current year.
About OUTOKUMPU OYJ/ADR
Outokumpu Oyj produces and sells various stainless steel products in Finland, Germany, Sweden, the United Kingdom, other European countries, Asia and Oceania, and internationally. It offers cold rolled coils, strips, and sheets; precision strips; hot rolled coils, strips, and plates; quarto plates; semi-finished stainless steel long products; stainless steel bars, rebars, wires, and wire rods; welded stainless steel I-beams, H-beams, hollow-section tubes, and bent profiles for load-bearing structures; blancs and discs; suction roll shell blanks; and customized press plates and ready-to-use plates.
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