Voestalpine (OTCMKTS:VLPNY) Downgraded to “Hold” Rating by Zacks Research

Zacks Research downgraded shares of Voestalpine (OTCMKTS:VLPNY) from a strong-buy rating to a hold rating in a research note released on Tuesday,Zacks reports.

A number of other brokerages also recently issued reports on VLPNY. UBS Group downgraded 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 research report on Thursday, June 4th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Voestalpine in a research note on Thursday, June 11th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Voestalpine has an average rating of “Moderate Buy”.

Voestalpine Price Performance

VLPNY opened at $10.18 on Tuesday. The company has a fifty day moving average of $10.09 and a two-hundred day moving average of $10.11. The stock has a market capitalization of $8.73 billion, a price-to-earnings ratio of 14.54 and a beta of 1.44. 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.

Voestalpine (OTCMKTS:VLPNY) last posted its earnings results on Wednesday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.01). Voestalpine had a return on equity of 6.74% and a net margin of 3.39%.The firm had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.38 billion. On average, research analysts expect 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.