Voestalpine AG (OTCMKTS:VLPNY) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Voestalpine AG (OTCMKTS:VLPNY – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company.

A number of brokerages have recently weighed in on VLPNY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Voestalpine in a report on Thursday, June 4th. Zacks Research cut Voestalpine from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. UBS Group downgraded Voestalpine from a “buy” rating to a “neutral” rating in a research note on Monday, June 8th. Finally, Citigroup reissued a “neutral” rating on shares of Voestalpine in a report on Thursday, June 11th.

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Voestalpine Price Performance

Shares of VLPNY stock opened at $10.18 on Friday. Voestalpine has a fifty-two week low of $6.31 and a fifty-two week high of $11.78. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 1.35. The firm has a market capitalization of $8.73 billion, a price-to-earnings ratio of 14.54 and a beta of 1.44. The stock’s 50-day simple moving average is $10.10 and its 200-day simple moving average is $10.11.

Voestalpine (OTCMKTS:VLPNY – Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.01). The company had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.38 billion. Voestalpine had a return on equity of 6.74% and a net margin of 3.39%. As a group, equities analysts forecast that Voestalpine will post 0.83 earnings per share for the current fiscal year.

Voestalpine Company Profile

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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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