Morgan Stanley Reaffirms "Underweight" Rating for Voestalpine (OTCMKTS:VLPNY)

Last updated on Tuesday, June 22, 2021 | 2021 MarketBeat

Voestalpine (OTCMKTS:VLPNY)'s stock had its "underweight" rating reiterated by research analysts at Morgan Stanley in a report issued on Tuesday, The Fly reports.

Several other research analysts have also commented on VLPNY. JPMorgan Chase & Co. reissued an "underweight" rating on shares of Voestalpine in a research note on Thursday, April 15th. AlphaValue upgraded Voestalpine to a "reduce" rating in a research note on Wednesday, February 24th. The Goldman Sachs Group began coverage on Voestalpine in a research note on Monday, March 22nd. They issued a "neutral" rating on the stock. Zacks Investment Research upgraded Voestalpine from a "hold" rating to a "buy" rating and set a $9.75 price objective on the stock in a research note on Friday, June 11th. Finally, Credit Suisse Group restated a "neutral" rating on shares of Voestalpine in a research note on Friday, June 11th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of "Hold" and a consensus price target of $9.75.

Shares of Voestalpine stock traded down $0.27 on Tuesday, reaching $8.20. The company had a trading volume of 31,398 shares, compared to its average volume of 1,828. The business has a 50 day simple moving average of $8.77. The stock has a market cap of $7.32 billion, a price-to-earnings ratio of 102.50 and a beta of 1.30. Voestalpine has a 52-week low of $4.10 and a 52-week high of $9.40. The company has a current ratio of 1.43, a quick ratio of 0.62 and a debt-to-equity ratio of 0.60.

Voestalpine (OTCMKTS:VLPNY) last released its quarterly earnings results on Wednesday, June 9th. The company reported $0.27 earnings per share (EPS) for the quarter. Voestalpine had a net margin of 0.48% and a return on equity of 1.03%. The business had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.74 billion. Analysts anticipate that Voestalpine will post 0.94 EPS for the current fiscal year.

About Voestalpine

Voestalpine AG processes, develops, manufactures, and sells steel products worldwide. The company operates through five segments: Steel, High Performance Metals, Metal Engineering, Metal Forming, and Other. The Steel division produces hot and cold-rolled steel strips, as well as electrogalvanized, hot-dip galvanized, and organically coated steel strips; and heavy plates for the energy sector, as well as turbine casings for automotive, white goods/consumer goods, building/construction, energy, mechanical engineering, and others.

Read More: What is the LIBOR?

The Fly logo

Analyst Recommendations for Voestalpine (OTCMKTS:VLPNY)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured Article: Cash Flow Analysis in Stock Selection


7 Forever Stocks That Are Never Bad to Buy

Investors thought 2021 would be a less volatile year. That narrative has run into some problems. Sure, all the major indexes are up for the year. And that’s despite the NASDAQ’s gut-wrenching 10% drop in March.

But many investors don’t feel much like celebrating. In fact, many are concerned about the liquidity that continues to be pumped into the stock market. In 2020, the pandemic flooded the economy with $6 trillion dollars of stimulus.

However, in the last few months, the Federal Reserve has introduced another $6 trillion into the economy. We would have stopped counting, but the math is pretty easy. It’s $12.3 trillion that has flooded into the economy.

Eventually, this is going to end badly. But timing the market is an imperfect science particularly when many investors are enjoying the game.

Fortunately, there’s a way to safeguard your portfolio without abandoning equities. That has to do with investing in forever stocks. Forever stocks aren’t magic beans. They don’t go up forever. But they are stocks that have stood the test of time. And investing in these stocks will keep your portfolio heading in the right direction.

With that in mind, we’ve put together this special presentation that showcases seven of these forever stocks. These are all stocks that are household names, but that’s kind of the point. You don’t need special knowledge. You just have to recognize that these are companies that consistently do right by their shareholders.

View the "7 Forever Stocks That Are Never Bad to Buy".


MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.