Voestalpine (OTCMKTS:VLPNY) Rating Increased to Strong-Buy at Zacks Research

Voestalpine (OTCMKTS:VLPNYGet Free Report) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

VLPNY has been the subject of a number of other research reports. UBS Group lowered Voestalpine from a “buy” rating to a “neutral” rating in a research note on Monday, June 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Voestalpine in a research note on Thursday, June 4th. Finally, Citigroup reiterated a “neutral” rating on shares of Voestalpine in a research report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

View Our Latest Analysis on Voestalpine

Voestalpine Stock Performance

Voestalpine stock opened at $11.13 on Monday. The company has a quick ratio of 0.55, a current ratio of 1.35 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $9.54 billion, a PE ratio of 18.25 and a beta of 1.44. The firm has a fifty day simple moving average of $10.14 and a two-hundred day simple moving average of $9.99. Voestalpine has a twelve month low of $5.35 and a twelve month high of $11.78.

Voestalpine (OTCMKTS:VLPNYGet Free Report) last posted its quarterly earnings results on Wednesday, June 3rd. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.02. Voestalpine had a net margin of 2.97% and a return on equity of 5.98%. The business had revenue of $4.59 billion during the quarter, compared to analyst estimates of $4.19 billion. Research analysts expect that Voestalpine will post 0.88 EPS for the current year.

Voestalpine Company Profile

(Get Free Report)

Voestalpine AG is a leading steel-based technology and capital goods group headquartered in Linz, Austria. The company specializes in the production of high-quality steel and sophisticated components for a range of industries, including automotive, railway systems, aerospace, energy, and construction. It operates across all major processing steps in steel production, from raw‐material processing and steelmaking to downstream activities such as coating, processing, and assembly.

Voestalpine’s portfolio is organized into several business divisions.

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Analyst Recommendations for Voestalpine (OTCMKTS:VLPNY)

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