Jefferies downgrades Aperam stock to Hold on limited upside potential

Published 10/07/2025, 08:22
Jefferies downgrades Aperam stock to Hold on limited upside potential

Investing.com - Jefferies downgraded Aperam SA (AS:APAM) from Buy to Hold on Thursday, while lowering its price target to EUR30.00 from EUR33.50.

The downgrade comes as Jefferies sees limited near-term upside potential for the stainless steel producer in the absence of earnings momentum. The stock currently trades at 5.8x EV/EBITDA, compared to its five-year average of 5.1x.

Jefferies highlighted Aperam’s weaker-than-expected performance in European stainless markets, with Q2 and Q3 EBITDA projected to be close to breakeven. The company also has limited exposure to recent U.S. stainless price increases that have benefited competitors.

Despite the downgrade, Jefferies acknowledged Aperam’s diversified operations and attractive dividend yield of approximately 8% (EUR2 per share) as positive factors.

Aperam SA is also traded over-the-counter in the U.S. under the ticker (OTC:APEMY).

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.