Olympic Steel (ZEUS) Rating Increased to Buy at BidaskClub

BidaskClub upgraded shares of Olympic Steel (NASDAQ:ZEUS) from a hold rating to a buy rating in a report published on Friday.

Other equities research analysts also recently issued research reports about the stock. KeyCorp reissued a hold rating on shares of Olympic Steel in a research report on Friday, November 24th. Zacks Investment Research downgraded shares of Olympic Steel from a strong-buy rating to a hold rating in a research report on Friday, November 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of Hold and an average price target of $20.50.

Shares of Olympic Steel (ZEUS) opened at $24.47 on Friday. The firm has a market cap of $268.47, a P/E ratio of 22.05, a P/E/G ratio of 1.68 and a beta of 1.90. The company has a current ratio of 4.23, a quick ratio of 1.54 and a debt-to-equity ratio of 0.82. Olympic Steel has a 1 year low of $15.83 and a 1 year high of $27.16.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date is Wednesday, February 28th. Olympic Steel’s dividend payout ratio (DPR) is presently 7.21%.

A number of large investors have recently bought and sold shares of the business. Two Sigma Investments LP grew its position in Olympic Steel by 12.4% in the 4th quarter. Two Sigma Investments LP now owns 33,307 shares of the basic materials company’s stock worth $716,000 after purchasing an additional 3,676 shares during the period. Guggenheim Capital LLC grew its position in Olympic Steel by 38.7% in the 4th quarter. Guggenheim Capital LLC now owns 148,243 shares of the basic materials company’s stock worth $3,185,000 after purchasing an additional 41,326 shares during the period. Deutsche Bank AG grew its position in Olympic Steel by 7.5% in the 4th quarter. Deutsche Bank AG now owns 32,295 shares of the basic materials company’s stock worth $693,000 after purchasing an additional 2,264 shares during the period. Brandywine Global Investment Management LLC grew its position in Olympic Steel by 9.5% in the 4th quarter. Brandywine Global Investment Management LLC now owns 48,500 shares of the basic materials company’s stock worth $1,043,000 after purchasing an additional 4,200 shares during the period. Finally, Thrivent Financial For Lutherans bought a new stake in Olympic Steel in the 4th quarter worth approximately $610,000. 66.89% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: This piece of content was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece of content on another site, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://ledgergazette.com/2018/02/20/olympic-steel-zeus-rating-increased-to-buy-at-bidaskclub.html.

About Olympic Steel

Olympic Steel, Inc is a metals service center. The Company provides metals processing and distribution services for a range of customers. The Company operates through three segments: carbon flat products, specialty metals flat products, and tubular and pipe products. The Company’s carbon flat products segment’s focus is on the direct sale and distribution of large volumes of processed carbon and coated flat-rolled sheet, coil and plate products and fabricated parts.

Receive News & Ratings for Olympic Steel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Olympic Steel and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply