Voestalpine AG (OTCMKTS:VLPNY) Stock Now Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• Voestalpine has a “Moderate Buy” consensus rating from six analysts: four buys, one hold and one sell. UBS upgraded the stock to “buy,” while Zacks Research downgraded it to “strong sell.”
• Shares opened at $9.65, with a 52-week range of $6.62 to $11.78, a market capitalization of $8.27 billion and a price-to-earnings ratio of 13.78.
• In its latest quarter, Voestalpine reported $0.26 EPS, slightly below the $0.27 consensus, while revenue of $4.64 billion exceeded estimates of $4.38 billion. Analysts expect approximately $0.80 EPS for the current fiscal year.

Voestalpine AG (OTCMKTS:VLPNY - Get Free Report) has received an average rating of "Moderate Buy" from the six brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have issued a buy recommendation on the company.

VLPNY has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Voestalpine in a report on Friday, September 4th. UBS Group upgraded shares of Voestalpine from a "hold" rating to a "buy" rating in a report on Friday, October 9th. Finally, Zacks Research lowered shares of Voestalpine from a "hold" rating to a "strong sell" rating in a research report on Wednesday, September 30th.

Voestalpine Price Performance

Shares of Voestalpine stock opened at $9.65 on Monday. 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's 50-day moving average price is $10.19 and its two-hundred day moving average price is $10.13. Voestalpine has a 52 week low of $6.62 and a 52 week high of $11.78. The stock has a market cap of $8.27 billion, a PE ratio of 13.78 and a beta of 1.40.

Voestalpine (OTCMKTS:VLPNY - Get Free Report) last issued its quarterly 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 net margin of 3.39% and a return on equity of 6.66%. The business had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.38 billion. As a group, sell-side analysts anticipate that Voestalpine will post 0.80 EPS for the current fiscal year.

Voestalpine Company Profile

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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