Jefferies (NYSE:JEF) analyst Constantin Hesse maintained a Buy rating on Nordex on Friday, setting a price target of EUR19.5, which is approximately 14.71% above the present share price of $20.08.
Hesse expects Nordex to post earnings per share (EPS) of -$1.33 for the fourth quarter of 2020.
The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in Nordex, with an average price target of $16.69.
The analysts price targets range from a high of $23.03 to a low of $12.99.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $1.08 billion and a net profit of -$122.63 million. The company's market cap is $2.14 billion.
According to TipRanks.com, Jefferies analyst Constantin Hesse is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 33.1% and a 89.47% success rate.
Nordex SE is a strategic management holding company, which engages in the development, production, servicing, and marketing of wind power systems. It operates through the Projects and Service segments. The Projects segment comprises of the wind turbine and wind farm development business. The Service segment provides services and products for existing turbines after their handover to customers. It also offers inspection and maintenance, inspection of safety equipment, repair service, spare part deliveries, modernization, technical enhancements, condition monitoring system, customer training, and remote monitoring and management. Nordex was founded in 1985 and is headquartered in Hamburg, Germany.