Voestalpine (OTCMKTS:VLPNY) Reaches New 1-Year High – Still a Buy?

Voestalpine AG (OTCMKTS:VLPNYGet Free Report)’s share price hit a new 52-week high on Wednesday . The company traded as high as $10.88 and last traded at $10.88, with a volume of 1318 shares trading hands. The stock had previously closed at $10.84.

Analysts Set New Price Targets

VLPNY has been the topic of several recent research reports. Citigroup reissued a “neutral” rating on shares of Voestalpine in a report on Thursday, January 22nd. UBS Group upgraded Voestalpine from a “hold” rating to a “buy” rating in a research report on Monday, November 17th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Voestalpine in a research report on Thursday, February 12th. Finally, Morgan Stanley restated an “overweight” rating on shares of Voestalpine in a report on Tuesday, January 6th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Check Out Our Latest Research Report on VLPNY

Voestalpine Stock Performance

The stock has a 50 day moving average of $9.32 and a 200 day moving average of $7.82. The company has a market capitalization of $9.53 billion, a price-to-earnings ratio of 32.71 and a beta of 1.33. The company has a quick ratio of 0.49, a current ratio of 1.32 and a debt-to-equity ratio of 0.17.

Voestalpine (OTCMKTS:VLPNYGet Free Report) last released its earnings results on Wednesday, February 11th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The firm had revenue of $4.13 billion for the quarter. Voestalpine had a net margin of 1.75% and a return on equity of 3.59%. As a group, analysts predict that Voestalpine AG will post 0.45 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.

Further Reading

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