Aperam S.A. (OTCMKTS:APEMY) Receives Average Recommendation of “Hold” from Brokerages

Shares of Aperam S.A. (OTCMKTS:APEMYGet Rating) have earned a consensus rating of “Hold” from the eight analysts that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $42.83.

A number of analysts recently commented on APEMY shares. JPMorgan Chase & Co. decreased their price objective on Aperam from €33.40 ($34.08) to €29.50 ($30.10) and set a “neutral” rating on the stock in a research note on Friday, October 14th. Morgan Stanley increased their target price on Aperam from €44.00 ($44.90) to €47.00 ($47.96) in a research report on Wednesday, October 5th. Barclays initiated coverage on Aperam in a research report on Wednesday, August 10th. They set an “underweight” rating on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on Aperam from €55.00 ($56.12) to €52.00 ($53.06) and set a “buy” rating on the stock in a research report on Monday, October 10th. Finally, Oddo Bhf downgraded Aperam from an “outperform” rating to a “neutral” rating in a research report on Tuesday, September 13th.

Aperam Price Performance

APEMY opened at $28.42 on Friday. The firm has a market cap of $2.21 billion, a P/E ratio of 1.73 and a beta of 1.85. Aperam has a 52 week low of $24.20 and a 52 week high of $64.00. The business’s fifty day simple moving average is $26.53 and its 200 day simple moving average is $29.80.

Aperam Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, December 9th. Stockholders of record on Tuesday, November 15th will be issued a $0.4804 dividend. The ex-dividend date is Monday, November 14th. This represents a dividend yield of 6.55%. Aperam’s dividend payout ratio (DPR) is 11.70%.

Aperam Company Profile

(Get Rating)

Aperam SA, together with its subsidiaries, engages in the production and sale of stainless and specialty steel products worldwide. It operates through three segments: Stainless & Electrical Steel; Services & Solutions; and Alloys & Specialties. The company offers range of stainless steel products, including grain oriented and non-grain oriented electrical steel products, and specialty alloys.

Further Reading

Analyst Recommendations for Aperam (OTCMKTS:APEMY)

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