Voestalpine (OTCMKTS:VLPNY) Price Target Lowered to €41.50 at JPMorgan Chase & Co.

Voestalpine (OTCMKTS:VLPNY) had its price target decreased by JPMorgan Chase & Co. from €42.00 ($47.73) to €41.50 ($47.16) in a research report released on Friday morning, The Fly reports.

Several other analysts have also recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a hold rating on shares of Voestalpine in a report on Thursday, November 11th. Credit Suisse Group reiterated a neutral rating on shares of Voestalpine in a research report on Monday, October 25th. Zacks Investment Research lowered Voestalpine from a hold rating to a strong sell rating in a research report on Tuesday, December 14th. UBS Group upgraded Voestalpine from a sell rating to a neutral rating in a research report on Monday, November 8th. Finally, The Goldman Sachs Group downgraded Voestalpine from a neutral rating to a sell rating in a research report on Monday, October 4th. Five research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $19.44.

OTCMKTS:VLPNY opened at $7.92 on Friday. Voestalpine has a twelve month low of $6.60 and a twelve month high of $9.61. The company has a current ratio of 1.37, a quick ratio of 0.53 and a debt-to-equity ratio of 0.45. The company has a 50-day moving average of $7.21 and a 200-day moving average of $7.88. The firm has a market cap of $7.07 billion, a price-to-earnings ratio of 7.47 and a beta of 1.32.

Voestalpine (OTCMKTS:VLPNY) last issued its quarterly earnings data on Wednesday, November 10th. The company reported $0.29 earnings per share for the quarter. Voestalpine had a net margin of 5.98% and a return on equity of 13.76%. The firm had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.28 billion. On average, research analysts forecast that Voestalpine will post 1.24 earnings per share for the current year.

About Voestalpine

voestalpine AG engages in the production, processing, and distribution of steel products. It operates through the following divisions: Steel, High Performance Metals, Metal Engineering, Metal Forming and Other. The Steel division focuses on the production and processing of steel products for the segments automotive industry, white goods, electrical industry, processing industry, energy, and engineering industry.

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