Morgan Stanley Sticks to Its Hold Rating for Vestas Wind Systems (0NMK)

Morgan Stanley analyst Max Yates maintained a Hold rating on Vestas Wind Systems today and set a price target of DKK132.00. The company’s shares closed last Friday at DKK124.54.

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According to TipRanks, Yates is a 4-star analyst with an average return of 11.3% and a 63.48% success rate. Yates covers the Industrials sector, focusing on stocks such as Schneider Electric, Siemens, and Siemens Energy.

Currently, the analyst consensus on Vestas Wind Systems is a Moderate Buy with an average price target of DKK141.92.

Based on Vestas Wind Systems’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of DKK3.75 billion and a net profit of DKK32 million. In comparison, last year the company earned a revenue of DKK3.3 billion and had a GAAP net loss of DKK158 million

Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of 0NMK in relation to earlier this year.