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

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

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

Check Out Our Latest Report on VLPNY

Voestalpine Stock Up 4.7%

Shares of OTCMKTS:VLPNY opened at $11.13 on Monday. The stock has a fifty day simple moving average of $10.14 and a two-hundred day simple moving average of $9.99. 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. Voestalpine has a 12-month low of $5.35 and a 12-month high of $11.78.

Voestalpine (OTCMKTS:VLPNYGet Free Report) last announced its quarterly earnings results on Wednesday, June 3rd. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. The company had revenue of $4.59 billion for the quarter, compared to analysts’ expectations of $4.19 billion. Voestalpine had a net margin of 2.97% and a return on equity of 5.98%. On average, research analysts anticipate that Voestalpine will post 0.88 earnings per share 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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