Wärtsilä Oyj Abp (OTCMKTS:WRTBY) Reaches New 1-Year High on Analyst Upgrade

Posted by on Apr 27th, 2023

Wärtsilä Oyj Abp (OTCMKTS:WRTBY – Get Rating)’s stock price hit a new 52-week high on Wednesday after Citigroup raised their price target on the stock to €11.50. The stock traded as high as $2.25 and last traded at $2.21, with a volume of 1790 shares traded. The stock had previously closed at $2.14.

Several other analysts have also issued reports on the stock. Pareto Securities upgraded shares of Wärtsilä Oyj Abp from a “hold” rating to a “buy” rating in a report on Wednesday. Danske raised Wärtsilä Oyj Abp from a “hold” rating to a “buy” rating in a research report on Wednesday, February 1st. Finally, Morgan Stanley raised Wärtsilä Oyj Abp from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, April 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.95.

Wärtsilä Oyj Abp Stock Up 3.2 %

The business has a 50 day simple moving average of $1.87 and a 200 day simple moving average of $1.71. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.16 and a quick ratio of 0.78. The stock has a market cap of $6.53 billion, a PE ratio of -110.40 and a beta of 1.01.

Wärtsilä Oyj Abp (OTCMKTS:WRTBY – Get Rating) last announced its quarterly earnings results on Monday, January 30th. The company reported $0.01 earnings per share for the quarter. Wärtsilä Oyj Abp had a negative return on equity of 3.52% and a negative net margin of 1.28%. The company had revenue of $1.81 billion during the quarter. On average, equities research analysts forecast that Wärtsilä Oyj Abp will post 0.1 EPS for the current fiscal year.

Wärtsilä Oyj Abp Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, April 4th. Stockholders of record on Monday, March 13th were paid a $0.0159 dividend. This is a positive change from Wärtsilä Oyj Abp’s previous dividend of $0.01. This represents a dividend yield of 1.54%. The ex-dividend date was Friday, March 10th. Wärtsilä Oyj Abp’s dividend payout ratio is currently -150.00%.

About Wärtsilä Oyj Abp

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Wärtsilä Oyj Abp engages in the power business. It operates through the following segments: Wärtsilä Marine Power, Wärtsilä Marine Systems, Wärtsilä Voyage, Wärtsilä Energy, and Wärtsilä Portfolio Business. The Wärtsilä Marine Power segment focuses on a comprehensive range of engine and propulsion solutions.

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