Voestalpine (OTCMKTS:VLPNY)‘s stock had its “neutral” rating reaffirmed by investment analysts at Credit Suisse Group in a note issued to investors on Friday, The Fly reports.
Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. restated an “underweight” rating on shares of Voestalpine in a research report on Thursday, April 15th. AlphaValue raised Voestalpine to a “reduce” rating in a research note on Wednesday, February 24th. Morgan Stanley reaffirmed an “underweight” rating on shares of Voestalpine in a research note on Wednesday, March 24th. The Goldman Sachs Group initiated coverage on Voestalpine in a research report on Monday, March 22nd. They set a “neutral” rating on the stock. Finally, Zacks Investment Research upgraded Voestalpine from a “hold” rating to a “buy” rating and set a $9.75 price target for the company in a research report on Friday. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $9.75.
VLPNY stock traded up $0.01 during mid-day trading on Friday, hitting $8.61. 107 shares of the company were exchanged, compared to its average volume of 525. The firm’s fifty day simple moving average is $8.77. The stock has a market capitalization of $7.69 billion, a price-to-earnings ratio of -34.44 and a beta of 1.31. The company has a quick ratio of 0.62, a current ratio of 1.43 and a debt-to-equity ratio of 0.60. Voestalpine has a 12-month low of $4.10 and a 12-month high of $9.40.
Voestalpine AG processes, develops, manufactures, and sells steel products worldwide. The company operates through five segments: Steel, High Performance Metals, Metal Engineering, Metal Forming, and Other. The Steel division produces hot and cold-rolled steel strips, as well as electrogalvanized, hot-dip galvanized, and organically coated steel strips; and heavy plates for the energy sector, as well as turbine casings for automotive, white goods/consumer goods, building/construction, energy, mechanical engineering, and others.
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