Voestalpine (OTCMKTS:VLPNY) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Voestalpine (OTCMKTS:VLPNYFree Report) from a hold rating to a strong-buy rating in a research report released on Monday,Zacks.com reports.

Other analysts have also issued reports about the company. UBS Group lowered Voestalpine from a “buy” rating to a “neutral” rating in a research report on Monday, June 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Voestalpine in a report on Thursday, June 4th. Finally, Citigroup reissued a “neutral” rating on shares of Voestalpine in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

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Voestalpine Trading Up 4.7%

OTCMKTS:VLPNY opened at $11.13 on Monday. The company has a current ratio of 1.35, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $9.54 billion, a price-to-earnings ratio of 18.25 and a beta of 1.44. The firm has a fifty day simple moving average of $10.14 and a two-hundred day simple moving average of $9.99. Voestalpine has a 12 month low of $5.35 and a 12 month high of $11.78.

Voestalpine (OTCMKTS:VLPNYGet Free Report) last posted its quarterly earnings results on Wednesday, June 3rd. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.02. The firm had revenue of $4.59 billion during the quarter, compared to the consensus estimate of $4.19 billion. Voestalpine had a net margin of 2.97% and a return on equity of 5.98%. Analysts expect that Voestalpine will post 0.88 EPS for the current fiscal year.

About Voestalpine

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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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Analyst Recommendations for Voestalpine (OTCMKTS:VLPNY)

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