Finland capital

SSAB AB (publ) (OTCMKTS: SSAAY) upgraded to buy by Kepler Capital Markets


SSAB AB (published) (OTCMKTS: SSAAYGet a rating) was upgraded by analysts at Kepler Capital Markets from a “hold” rating to a “buy” rating in a report released on Friday, Fly reports. The company currently has a price target of 80 SEK on shares of the basic materials company, up from its previous price target of 65 SEK.

A number of other analysts have also recently published reports on SSAAY. Deutsche Bank Aktiengesellschaft raised its price target on SSAB AB (publ) from SEK 59 to SEK 63 and gave the company a “holding” rating in a Thursday, April 14 research report. JPMorgan Chase & Co. raised its price target on SSAB AB (publ) from SEK 76 to SEK 77 and gave the company an “overweight” rating in a research report on Wednesday. Morgan Stanley raised its price target on SSAB AB (publ) from SEK 82 to SEK 83 in a Monday, April 11 research report. To finish, Zacks Investment Research upgraded SSAB AB (publ) from a “hold” rating to a “buy” rating and set a target price of $3.75 for the stock in a research report on Saturday April 23. One analyst rated the stock with a hold rating and nine assigned the stock a buy rating. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $61.35.

OTCMKTS SSAAY opened at $3.18 on Friday. The stock has a fifty-day moving average of $3.32 and a 200-day moving average of $2.97. The stock has a market capitalization of $6.55 billion, a P/E ratio of 3.83 and a beta of 1.33. SSAB AB has a 52-week low of $2.28 and a 52-week 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.

SSAB AB (published) (OTCMKTS: SSAAYGet a rating) last released its quarterly results on Friday, January 28. The basic materials company reported earnings per share (EPS) of $0.30 for the quarter. SSAB AB (publ) achieved a return on equity of 22.31% and a net margin of 15.20%. The company posted revenue of $3.09 billion for the quarter, versus analyst estimates of $2.87 billion. Equity research analysts expect SSAB AB to post earnings per share of 0.76 for the current financial year.

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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