RWE Aktiengesellschaft (OTCMKTS:RWEOY) Hits New 52-Week High - What's Next?
RWE Aktiengesellschaft (OTCMKTS:RWEOY) reached a new 52-week high of $39.31 during trading, closing at $39.10. Morgan Stanley maintains an "overweight" rating on the stock. The company reported $0.97 EPS, exceeding estimates, with revenue of $8.82 billion. RWE operates in electricity generation from renewable and conventional sources across various regions. Analysts predict an EPS of 3.18 for the current year. Despite a strong buy rating, RWE is not among the top five stocks recommended by analysts.
RWE Aktiengesellschaft (OTCMKTS:RWEOY - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $39.31 and last traded at $39.10, with a volume of 36391 shares. The stock had previously closed at $38.70.
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Wall Street Analyst Weigh In
Separately, Morgan Stanley restated an "overweight" rating on shares of RWE Aktiengesellschaft in a report on Monday, March 24th.
Read Our Latest Stock Report on RWE Aktiengesellschaft
RWE Aktiengesellschaft Price Performance
The company has a current ratio of 1.55, a quick ratio of 1.42 and a debt-to-equity ratio of 0.45. The company's fifty day moving average is $34.39 and its two-hundred day moving average is $32.62. The stock has a market cap of $26.44 billion, a price-to-earnings ratio of 9.49 and a beta of 0.77.
RWE Aktiengesellschaft (OTCMKTS:RWEOY - Get Free Report) last posted its earnings results on Thursday, March 20th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.15. The firm had revenue of $8.82 billion for the quarter, compared to analyst estimates of $18.09 billion. RWE Aktiengesellschaft had a return on equity of 8.16% and a net margin of 12.03%. As a group, research analysts predict that RWE Aktiengesellschaft will post 3.18 earnings per share for the current year.
About RWE Aktiengesellschaft
(Get Free Report)RWE Aktiengesellschaft generates and supplies electricity from renewable and conventional sources in Germany, the United Kingdom, rest of Europe, North America, and internationally. It operates through five segments: Offshore Wind; Onshore Wind/Solar; Hydro/Biomass/Gas; Supply & Trading; and Coal/Nuclear.
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