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Bernstein Keeps Their Buy Rating on Vestas Wind Systems (0NMK)

Tipranks - Tipranks - Sat Mar 28, 6:40AM CDT

Bernstein analyst Deepa Venkateswaran maintained a Buy rating on Vestas Wind Systems today and set a price target of DKK195.00.

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Venkateswaran covers the Utilities sector, focusing on stocks such as RWE AG, E.ON SE, and National Grid. According to TipRanks, Venkateswaran has an average return of 5.7% and a 59.06% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Vestas Wind Systems with a DKK188.36 average price target.

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Based on Vestas Wind Systems’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of DKK6.27 billion and a net profit of DKK439 million. In comparison, last year the company earned a revenue of DKK6.14 billion and had a net profit of DKK598 million

Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of 0NMK in relation to earlier this year.

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