thyssenkrupp (OTCMKTS:TKAMY) was upgraded by Zacks Investment Research from a "sell" rating to a "strong-buy" rating in a research note issued on Tuesday, Zacks.com reports. The brokerage currently has a $12.00 price objective on the stock. Zacks Investment Research's price objective points to a potential upside of 15.50% from the stock's current price.
According to Zacks, "ThyssenKrupp AG engages in the production of steel. It operates through the following business areas Components Technology, Elevator Technology, Industrial Solutions, Materials Services, Steel Europe and Steel Americas. Components Technology business area offers components for the automotive, construction and engineering sectors. Elevator Technology business area constructs and modernizes elevators, escalators, moving walks, stair and platform lifts, and passenger boarding bridges. Industrial Solutions business area is an international supplier in special and large-scale plant construction as well as naval shipbuilding. Materials Services business area distributes materials and provides complex technical services for the production and manufacturing sectors. Steel Europe business area involves in the flat carbon steel activities. Steel America business area produces, processes, and markets steel products in North and South America. ThyssenKrupp AG is headquartered in Essen, Germany. "
Several other analysts also recently issued reports on TKAMY. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of thyssenkrupp in a research note on Monday, November 22nd. Credit Suisse Group reaffirmed an "outperform" rating on shares of thyssenkrupp in a research note on Wednesday, December 1st. Finally, Morgan Stanley dropped their price target on shares of thyssenkrupp from €11.20 ($12.87) to €11.00 ($12.64) in a research note on Tuesday, January 18th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, thyssenkrupp has a consensus rating of "Hold" and a consensus price target of $11.50.
Shares of OTCMKTS:TKAMY opened at $10.39 on Tuesday. The stock has a fifty day moving average of $10.89 and a 200-day moving average of $10.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.43 and a current ratio of 1.96. thyssenkrupp has a one year low of $8.96 and a one year high of $14.38. The company has a market capitalization of $6.47 billion, a PE ratio of -45.17 and a beta of 2.02.
thyssenkrupp (OTCMKTS:TKAMY) last announced its earnings results on Thursday, November 18th. The company reported $0.20 earnings per share (EPS) for the quarter. thyssenkrupp had a negative net margin of 0.34% and a negative return on equity of 0.53%. The company had revenue of $11.13 billion for the quarter, compared to the consensus estimate of $10.43 billion. As a group, research analysts forecast that thyssenkrupp will post 2.07 EPS for the current fiscal year.
About thyssenkrupp
ThyssenKrupp AG is an international group of companies comprising largely independent industrial and technology businesses. It operates through the following segments: Components Technology, Elevator Technology, Industrial Solutions, Marine Systems, Materials Services, Steel Europe, and Corporate. The Components Technology segment offers components for the automotive, construction, and engineering sectors, as well as for the wind turbines.
