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

Voestalpine AG (OTCMKTS:VLPNY) has earned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company.

Several brokerages have recently weighed in on VLPNY. Citigroup reaffirmed a “neutral” rating on shares of Voestalpine in a research report on Thursday, June 11th. UBS Group lowered Voestalpine from a “buy” rating to a “neutral” rating in a research report on Monday, June 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Voestalpine in a report on Thursday, June 4th. Finally, Zacks Research upgraded shares of Voestalpine from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd.

Voestalpine Stock Performance

Shares of OTCMKTS:VLPNY opened at $10.45 on Wednesday. The business has a 50-day moving average of $10.09 and a two-hundred day moving average of $10.05. The firm has a market capitalization of $8.96 billion, a PE ratio of 14.93 and a beta of 1.44. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.35 and a quick ratio of 0.55. Voestalpine has a 12 month low of $5.95 and a 12 month high of $11.78.

Voestalpine (OTCMKTS:VLPNY) last posted 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). Voestalpine had a net margin of 3.39% and a return on equity of 6.74%. The business had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.38 billion. As a group, research analysts forecast that Voestalpine will post 0.83 earnings per share for the current year.

About Voestalpine

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.