Voestalpine (OTCMKTS:VLPNY) Rating Lowered to Strong Sell at Zacks Research

Key Points

• Zacks Research downgraded Voestalpine from “hold” to “strong sell,” while the broader analyst consensus remains “hold.” Ratings include three buys, two holds and one sell.
• Voestalpine shares opened at $10.15, with a 12-month range of $6.62 to $11.78, a market capitalization of approximately $8.70 billion and a P/E ratio of 14.50.
• The company’s latest quarterly earnings were slightly below expectations, with EPS of $0.26 versus a $0.27 estimate, although revenue of $4.64 billion exceeded the $4.38 billion consensus forecast.

Voestalpine (OTCMKTS:VLPNY - Get Free Report) was downgraded by equities research analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a note issued to investors on Wednesday, Zacks reports.

Several other research analysts have also weighed in on VLPNY. Citigroup reiterated a "neutral" rating on shares of Voestalpine in a research report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Voestalpine in a research report on Friday, September 4th. Finally, UBS Group lowered Voestalpine from a "buy" rating to a "neutral" rating in a research note on Monday, June 8th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold".

Voestalpine Price Performance

Voestalpine stock opened at $10.15 on Wednesday. The company has a current ratio of 1.41, a quick ratio of 0.54 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average price of $10.32 and a 200 day moving average price of $10.07. Voestalpine has a 12-month low of $6.62 and a 12-month high of $11.78. The stock has a market cap of $8.70 billion, a P/E ratio of 14.50 and a beta of 1.40.

Voestalpine (OTCMKTS:VLPNY - Get Free Report) last posted 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). Voestalpine had a net margin of 3.39% and a return on equity of 6.66%. The firm had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.38 billion. Sell-side analysts anticipate that Voestalpine will post 0.83 earnings per share for the current year.

About Voestalpine

voestalpine AG is an Austria-based technology and capital goods group headquartered in Linz. The company develops, produces and processes steel and other metal products for industrial customers worldwide, with a focus on specialized materials, advanced manufacturing and value-added components rather than commodity steel alone.

Its activities 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 railway infrastructure systems, welding consumables, automotive components, precision-formed parts, and solutions for the energy, aerospace, mechanical engineering and other industrial sectors.

voestalpine traces its origins to Austria's postwar steel industry and adopted its current name in the 1970s.

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