Goldman Sachs Maintains Maintenance Rating on Nordex (NRDXF)
Ajay Patel, analyst at Goldman Sachs, maintained a Hold note on Nordex (NRDXF) today and set a price target of 26.50 EUR. Shares of the company closed last Thursday at $ 30.10, near its 52-week high of $ 32.00.
According to TipRanks.com, Patel is ranked # 2191 out of 7461 analysts.
Currently, the analyst consensus on Nordex is a Hold on with an average price target of $ 33.14, which implies a 10.1% rise from current levels. In a report published today, Societe Generale also downgraded the share to Hold with a target price of 27.00 EUR.
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Based on Nordex’s latest earnings release for the quarter ending Dec.31, the company reported quarterly revenue of $ 1.48 billion and GAAP net loss of $ 22.23 million. By comparison, last year the company achieved sales of $ 1.34 billion and net profit of $ 3.97 million.
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Nordex SE is a strategically managed holding company dedicated to the development, production, maintenance and marketing of wind energy systems. It operates through the Projects and Services segments. The Projects segment includes the development activities of wind turbines and wind farms. The Service segment provides services and products for existing turbines after delivery to customers. It also offers inspection and maintenance, safety equipment inspection, repair service, delivery of spare parts, modernization, technical improvements, condition monitoring system, customer training. and remote monitoring and management. Nordex was founded in 1985 and is headquartered in Hamburg, Germany.