RBC Capital Sticks to Their Hold Rating for Wartsila Oyj Abp (0IKJ)

RBC Capital analyst Sebastian Kuenne maintained a Hold rating on Wartsila Oyj Abp yesterday. The company’s shares closed last Monday at €25.97.

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According to TipRanks, Kuenne is a 3-star analyst with an average return of 3.4% and a 58.63% success rate. Kuenne covers the Industrials sector, focusing on stocks such as GEA Group AG, Alfa Laval AB, and Sandvik AB.

Wartsila Oyj Abp has an analyst consensus of Moderate Sell, with a price target consensus of €20.36, which is a -21.60% downside from current levels. In a report released on October 6, Morgan Stanley also maintained a Hold rating on the stock with a €21.40 price target.

Based on Wartsila Oyj Abp’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of €1.72 billion and a net profit of €136 million. In comparison, last year the company earned a revenue of €1.56 billion and had a net profit of €116 million