Voestalpine (OTCMKTS:VLPNY) Raised to “Strong-Buy” at Zacks Research

Voestalpine (OTCMKTS:VLPNYGet Free Report) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

A number of other equities research analysts also recently issued reports on the stock. UBS Group downgraded shares of Voestalpine from a “buy” rating to a “neutral” rating in a report on Monday, June 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Voestalpine in a report on Thursday, June 4th. Finally, Citigroup restated a “neutral” rating on shares of Voestalpine in a research report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Check Out Our Latest Stock Report on VLPNY

Voestalpine Trading Up 4.7%

VLPNY opened at $11.13 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.35 and a quick ratio of 0.55. The company’s 50-day moving average is $10.14 and its 200 day moving average is $9.99. Voestalpine has a fifty-two week low of $5.35 and a fifty-two week high of $11.78. The firm has a market capitalization of $9.54 billion, a PE ratio of 18.25 and a beta of 1.44.

Voestalpine (OTCMKTS:VLPNYGet Free Report) last posted its quarterly earnings data on Wednesday, June 3rd. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.02. Voestalpine had a return on equity of 5.98% and a net margin of 2.97%.The business had revenue of $4.59 billion for the quarter, compared to analysts’ expectations of $4.19 billion. As a group, research analysts predict that Voestalpine will post 0.88 earnings per share for the current fiscal year.

About Voestalpine

(Get Free Report)

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.

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