Voestalpine AG (OTCMKTS:VLPNY) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Voestalpine AG (OTCMKTS:VLPNY) has received an average recommendation of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company.

A number of brokerages have recently weighed in on VLPNY. Zacks Research lowered shares of Voestalpine from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 1st. UBS Group downgraded shares of Voestalpine from a “buy” rating to a “neutral” rating in a research note on Monday, June 8th. Citigroup reissued a “neutral” rating on shares of Voestalpine in a report on Thursday, June 11th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Voestalpine in a research note on Friday, September 4th.

Voestalpine Price Performance

Voestalpine stock opened at $10.15 on Thursday. Voestalpine has a fifty-two week low of $6.62 and a fifty-two week high of $11.78. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.54 and a current ratio of 1.41. The firm has a 50 day moving average price of $10.30 and a 200 day moving average price of $10.05. The company has a market capitalization of $8.70 billion, a PE ratio of 14.50 and a beta of 1.44.

Voestalpine (OTCMKTS:VLPNY) last announced its earnings results on Wednesday, August 5th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.01). The business had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.38 billion. Voestalpine had a return on equity of 6.66% and a net margin of 3.39%. Research analysts expect that Voestalpine will post 0.83 earnings per share for the current year.

Voestalpine Company Profile

voestalpine AG is an Austria-based technology and industrial group specializing in steel, metal products and advanced manufacturing solutions. The company serves customers in the automotive, railway, aerospace, energy, construction and mechanical engineering industries.

Its operations are organized across four main divisions: Steel, High Performance Metals, Metal Engineering and Metal Forming. Products and services include high-quality flat steel, tool and special steels, rail and turnout systems, wire products, welding technology, precision tubes, automotive components and formed metal parts.