Vestas Wind Systems AS (OTCMKTS:VWDRY) Sets New 52-Week High – Still a Buy?

Vestas Wind Systems AS (OTCMKTS:VWDRY)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $11.2410 and last traded at $11.24, with a volume of 7971 shares. The stock had previously closed at $11.02.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on VWDRY shares. Citigroup reiterated a “buy” rating on shares of Vestas Wind Systems AS in a research report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Vestas Wind Systems AS in a research note on Friday, August 14th. Kepler Capital Markets upgraded shares of Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 5th. Finally, Berenberg Bank raised shares of Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 26th. Four equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Vestas Wind Systems AS Stock Performance

The company has a debt-to-equity ratio of 0.81, a current ratio of 1.03 and a quick ratio of 0.67. The firm has a market capitalization of $33.12 billion, a PE ratio of 25.79, a P/E/G ratio of 0.82 and a beta of 0.99. The firm has a fifty day moving average price of $9.77 and a 200 day moving average price of $9.40.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last posted its quarterly earnings data on Wednesday, August 12th. The energy company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.05. The firm had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.19 billion. Vestas Wind Systems AS had a return on equity of 29.50% and a net margin of 5.42%. Research analysts anticipate that Vestas Wind Systems AS will post 0.54 earnings per share for the current fiscal year.

About Vestas Wind Systems AS

Vestas Wind Systems A/S is a Denmark-based renewable energy company focused on wind power. The company designs, manufactures, installs and services wind turbines for utility-scale and commercial customers, with products serving both onshore and offshore wind markets.

Its business includes wind turbine systems, blades, controls and related equipment, as well as project support, maintenance, monitoring and other lifecycle services. Vestas also provides digital and operational solutions intended to help customers manage wind assets and optimize energy production over time.

Vestas traces its origins to 1945, when it was established in western Denmark as a manufacturer of household equipment and later industrial products before entering the wind industry.