Voestalpine AG (OTCMKTS:VLPNY) Receives Average Rating of “Moderate Buy” from Analysts

Voestalpine AG (OTCMKTS:VLPNY) has been given a consensus recommendation of “Moderate Buy” by the six analysts that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company.

VLPNY has been the subject of several research analyst reports. Citigroup reissued a “neutral” rating on shares of Voestalpine in a research report on Thursday, June 11th. UBS Group cut shares of 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, Zacks Research raised Voestalpine from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd.

Voestalpine Trading Down 2.9%

Voestalpine stock opened at $10.18 on Friday. The firm has a market cap of $8.73 billion, a price-to-earnings ratio of 14.54 and a beta of 1.44. Voestalpine has a 1 year low of $6.31 and a 1 year high of $11.78. The firm’s 50 day moving average price is $10.08 and its two-hundred day moving average price is $10.11. 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 issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.01). The firm had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.38 billion. Voestalpine had a net margin of 3.39% and a return on equity of 6.74%. On average, research analysts predict that Voestalpine will post 0.83 EPS for the current fiscal year.

Voestalpine Company Profile

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.