Voestalpine (VLPNY) Upgraded to Buy at Zacks Investment Research
Voestalpine (OTCMKTS:VLPNY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Saturday. The firm currently has a $14.00 price objective on the stock. Zacks Investment Research‘s price target would suggest a potential upside of 13.91% from the stock’s previous close.
According to Zacks, “voestalpine AG is engaged in the production, processing and distribution of steel products. Its operating division consists of Steel, Special Steel, Metal Engineering, Metal Forming and Other. Steel division focuses on the production and processing of flat steel products for the automotive, white goods and construction industries. Special Steel division segment manufactures tool steel and high-speed steel. Metal Engineering division produces rails and turnout products, rod wire, drawn wire, premium seamless tubes and welding filler materials. Metal Forming division offers special sections, tube products, and precision strip steel as well as pre-finished system components. Other segment provides coordination services and assistance to the subsidiaries. voestalpine AG is headquartered in Linz, Austria. “
Shares of Voestalpine (OTCMKTS:VLPNY) opened at $12.29 on Friday. Voestalpine has a 1-year low of $7.84 and a 1-year high of $12.32. The stock has a market cap of $10,766.12, a PE ratio of 16.17 and a beta of 1.68.
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Voestalpine Company Profile
voestalpine AG processes, develops, and manufactures steel products worldwide. The company operates through five segments: Steel, High Performance Metals, Metal Engineering, Metal Forming, and Other. The Steel division produces and processes hot and cold-rolled steel; electrogalvanized, hot-dip galvanized, and organically coated plates; electrical steel strips; and heavy plates, as well as turbine casings.
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