Voestalpine AG (OTCMKTS:VLPNY) Given Average Recommendation of “Moderate Buy” by Brokerages

Voestalpine AG (OTCMKTS:VLPNY) has earned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company.

Several equities analysts recently issued reports on VLPNY shares. Zacks Research cut Voestalpine from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Voestalpine in a report on Friday. Citigroup reiterated a “neutral” rating on shares of Voestalpine in a report on Thursday, June 11th. Finally, UBS Group lowered Voestalpine from a “buy” rating to a “neutral” rating in a research report on Monday, June 8th.

Voestalpine Stock Performance

Shares of VLPNY opened at $10.18 on Friday. Voestalpine has a 1-year low of $6.31 and a 1-year high of $11.78. 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 price is $10.12 and its 200-day moving average price is $10.11. The firm has a market capitalization of $8.73 billion, a price-to-earnings ratio of 14.54 and a beta of 1.44.

Voestalpine (OTCMKTS:VLPNY) last released its earnings results on Wednesday, August 5th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). Voestalpine had a return on equity of 6.74% and a net margin of 3.39%.The business had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.38 billion. Sell-side analysts anticipate that Voestalpine will post 0.83 EPS for the current year.

About Voestalpine

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.