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

Shares of Voestalpine AG (OTCMKTS:VLPNY) have received an average recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company.

VLPNY has been the subject of several recent analyst reports. Citigroup reaffirmed a “neutral” rating on shares of Voestalpine in a research report on Thursday, June 11th. Zacks Research raised Voestalpine from a “hold” rating to a “strong-buy” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Voestalpine in a research note on Thursday, June 4th. Finally, UBS Group cut Voestalpine from a “buy” rating to a “neutral” rating in a research report on Monday, June 8th.

Voestalpine Price Performance

Shares of VLPNY stock opened at $11.13 on Wednesday. Voestalpine has a 1 year low of $5.35 and a 1 year high of $11.78. The firm has a market capitalization of $9.54 billion, a price-to-earnings ratio of 18.25 and a beta of 1.44. 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 firm’s 50 day moving average is $10.14 and its 200-day moving average is $9.99.

Voestalpine (OTCMKTS:VLPNY) last issued its quarterly earnings results on Wednesday, June 3rd. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. Voestalpine had a return on equity of 5.98% and a net margin of 2.97%.The company had revenue of $4.59 billion for the quarter, compared to analyst estimates of $4.19 billion. Sell-side analysts forecast that Voestalpine will post 0.88 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.