Kepler Capital Markets has upgraded the shares of SSAB AB (published) (OTCMKTS: SSAAY – Get a rating) from a hold rating to a buy rating in a research note released Friday morning, Fly reports. The company currently has a target price of 80 SEK on shares of the basic materials company, up from its previous target price of 65 SEK.
SSAAY has been the subject of a number of other research reports. JPMorgan Chase & Co. raised its price target on SSAB AB (publ) from SEK 76 to SEK 77 and gave the stock an overweight rating in a Wednesday research report. Deutsche Bank Aktiengesellschaft raised its price target on SSAB AB (publ) shares from SEK 59 to SEK 63 and gave the company a hold rating in a Thursday, April 14 research report. Morgan Stanley raised its price target on shares of SSAB AB (publ) from SEK 82 to SEK 83 in a Monday, April 11 research report. To finish, Zacks Investment Research upgraded shares of SSAB AB (publ) from a hold rating to a buy rating and set a target price of $3.75 for the company in a research note on Saturday, April 23. Two investment analysts gave the stock a hold rating and eight gave the company a buy rating. According to MarketBeat, the stock currently has an average buy rating and an average target price of $61.35.
Shares of OTCMKTS SSAAY opened at $3.28 on Friday. SSAB AB has a 12-month low of $2.28 and a 12-month high of $4.03. The company has a debt ratio of 0.12, a quick ratio of 1.07 and a current ratio of 2.06. The company has a 50-day moving average of $3.32 and a 200-day moving average of $2.98.
SSAB AB (published) (OTCMKTS: SSAAY – Get a rating) last released its quarterly results on Friday, January 28. The basic materials company reported earnings per share of $0.30 for the quarter. The company posted revenue of $3.09 billion in the quarter, compared to $2.87 billion expected by analysts. SSAB AB (publ) achieved a return on equity of 27.64% and a net margin of 17.71%. On average, sell-side analysts expect SSAB AB to post EPS of 1.04 for the current financial year.
The company also recently declared a dividend, which was paid on Thursday, April 28. Shareholders of record on Friday, April 8 received a dividend of $0.2045 per share. The ex-dividend date was Thursday, April 7. This represents a return of 5.62%. The payout ratio of SSAB AB (publ) is currently 19.05%.
SSAB AB company profile (publ) (Get a rating)
SSAB AB (publ) produces and sells steel products in the United States, Sweden, Finland, Germany, Denmark and internationally. It operates through five segments: SSAB Special Steels, SSAB Europe, SSAB Americas, Tibnor and Ruukki Construction. The SSAB Special Steels segment offers quenched and tempered steels and hot rolled advanced high strength steel products.
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