Voestalpine (OTCMKTS:VLPNY) Stock Lifted to Hold by Zacks Research

Key Points

• Zacks Research upgraded Voestalpine from “strong sell” to “hold,” while the broader analyst consensus remains “Moderate Buy,” with four Buy ratings and two Hold ratings.
• Voestalpine shares opened at $9.05, down 2.0%, and remained below their 50-day and 200-day moving averages of $9.97 and $10.02, respectively.
• The company’s latest quarterly results were mixed: EPS of $0.26 missed estimates by $0.01, but revenue of $4.64 billion exceeded the $4.38 billion consensus forecast.

Voestalpine (OTCMKTS:VLPNY - Get Free Report) was upgraded by investment analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research report issued on Thursday, Zacks reports.

A number of other analysts have also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Voestalpine in a research note on Friday, September 4th. UBS Group raised shares of Voestalpine from a "hold" rating to a "buy" rating in a report on Friday, October 9th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, Voestalpine currently has a consensus rating of "Moderate Buy".

Voestalpine Stock Down 2.0%

Shares of VLPNY stock opened at $9.05 on Thursday. The stock's 50 day simple moving average is $9.97 and its 200 day simple moving average is $10.02. Voestalpine has a twelve month low of $6.62 and a twelve month 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 company has a market capitalization of $7.76 billion, a price-to-earnings ratio of 13.19 and a beta of 1.40.

Voestalpine (OTCMKTS:VLPNY - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.27 by ($0.01). Voestalpine had a return on equity of 6.66% and a net margin of 3.39%. The company had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.38 billion. As a group, research analysts predict that Voestalpine will post 0.80 EPS for the current year.

About Voestalpine

voestalpine AG is an Austria-based technology and capital goods group specializing in steel, metal processing and industrial solutions. Headquartered in Linz, Austria, the company serves customers in the automotive, railway, aerospace, energy, mechanical engineering and tooling industries.

The company operates through four main divisions: Steel, High Performance Metals, Metal Engineering and Metal Forming. Its products and services include high-quality flat steel, special and tool steels, rail systems, welding technology, sections, tubes, precision components and formed metal parts.

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