Voestalpine AG (OTCMKTS:VLPNY – Get Free Report)’s share price gapped up prior to trading on Monday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock had previously closed at $9.96, but opened at $10.89. Voestalpine shares last traded at $10.89, with a volume of 384 shares traded.
Several other equities research analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Voestalpine in a report on Thursday, June 4th. Citigroup reaffirmed a “neutral” rating on shares of Voestalpine in a research report on Thursday, June 11th. Finally, UBS Group lowered Voestalpine from a “buy” rating to a “neutral” rating in a research note on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.
View Our Latest Stock Analysis on VLPNY
Voestalpine Trading Down 1.4%
Voestalpine (OTCMKTS:VLPNY – Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). Voestalpine had a net margin of 2.97% and a return on equity of 5.98%. As a group, sell-side analysts predict that Voestalpine AG will post 0.88 EPS for the current fiscal 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.
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