Voestalpine (OTCMKTS:VLPNY) Stock Rating Lowered by Zacks Research

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

Several other analysts have also recently weighed in on VLPNY. UBS Group downgraded Voestalpine from a “buy” rating to a “neutral” rating in a report on Monday, June 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Voestalpine in a report on Thursday, June 4th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Voestalpine in a research note on Thursday, June 11th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Read Our Latest Analysis on VLPNY

Voestalpine Stock Performance

OTCMKTS:VLPNY opened at $10.18 on Tuesday. The firm has a market capitalization of $8.73 billion, a P/E ratio of 14.54 and a beta of 1.44. The company has a fifty day moving average of $10.09 and a 200 day moving average of $10.11. The company has a quick ratio of 0.55, a current ratio of 1.35 and a debt-to-equity ratio of 0.20. Voestalpine has a 52 week low of $6.31 and a 52 week high of $11.78.

Voestalpine (OTCMKTS:VLPNYGet Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates 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 predict that Voestalpine will post 0.83 earnings per share for the current year.

About Voestalpine

(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.

See Also

Analyst Recommendations for Voestalpine (OTCMKTS:VLPNY)

Receive News & Ratings for Voestalpine Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Voestalpine and related companies with MarketBeat.com's FREE daily email newsletter.