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Citi Reaffirms Their Buy Rating on Vestas Wind Systems (0NMK)

Tipranks - Tipranks - Wed Jul 8, 11:50PM CDT

Citi analyst Martin Wilkie maintained a Buy rating on Vestas Wind Systems yesterday. The company’s shares closed last Monday at DKK180.00.

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According to TipRanks, Wilkie is ranked #251 out of 12325 analysts.

In addition to Citi, Vestas Wind Systems also received a Buy from RBC Capital’s Colin Moody in a report issued on July 3. However, on July 2, Morgan Stanley maintained a Hold rating on Vestas Wind Systems (LSE: 0NMK).

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Based on Vestas Wind Systems’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of DKK3.97 billion and a net profit of DKK82 million. In comparison, last year the company earned a revenue of DKK3.47 billion and had a net profit of DKK5 million

Based on the recent corporate insider activity of 13 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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