Posted by admin on Jun 24th, 2022
Outokumpu Oyj (OTCMKTS:OUTKY – Get Rating) had its price target reduced by Morgan Stanley from €6.60 ($6.95) to €6.30 ($6.63) in a research report sent to investors on Thursday, The Fly reports.
OUTKY has been the topic of several other research reports. Credit Suisse Group raised Outokumpu Oyj from a neutral rating to an outperform rating in a research report on Monday, June 6th. JPMorgan Chase & Co. cut their price objective on Outokumpu Oyj from €10.00 ($10.53) to €9.00 ($9.47) and set an overweight rating on the stock in a research report on Wednesday, April 27th. Finally, Danske cut Outokumpu Oyj from a buy rating to a hold rating in a research report on Tuesday, June 14th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $7.65.
Shares of OTCMKTS:OUTKY opened at $2.74 on Thursday. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 3.91 and a beta of 0.93. The company has a quick ratio of 0.48, a current ratio of 1.28 and a debt-to-equity ratio of 0.19. Outokumpu Oyj has a 12-month low of $2.51 and a 12-month high of $3.63. The business’s 50 day moving average is $2.67 and its 200 day moving average is $2.87.
The company also recently announced a dividend, which was paid on Tuesday, April 26th. Shareholders of record on Monday, April 4th were paid a $0.0487 dividend. The ex-dividend date of this dividend was Friday, April 1st. This represents a dividend yield of 1.88%. Outokumpu Oyj’s payout ratio is presently 7.14%.
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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