Voestalpine (OTCMKTS:VLPNY) Lowered to Hold Rating by Zacks Research

Voestalpine (OTCMKTS:VLPNY) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks reports.

Other analysts also recently issued research reports about the stock. UBS Group downgraded shares of Voestalpine from a “buy” rating to a “neutral” rating in a research report on Monday, June 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Voestalpine in a research note on Thursday, June 4th. Finally, Citigroup reissued a “neutral” rating on shares of Voestalpine in a research report on Thursday, June 11th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Voestalpine Price Performance

Shares of Voestalpine stock opened at $10.18 on Tuesday. Voestalpine has a twelve month low of $6.31 and a twelve month high of $11.78. The stock has a market capitalization of $8.73 billion, a P/E ratio of 14.54 and a beta of 1.44. The company has a current ratio of 1.35, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20. The business’s fifty day moving average price is $10.09 and its 200 day moving average price is $10.11.

Voestalpine (OTCMKTS:VLPNY) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.01). The firm had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.38 billion. Voestalpine had a return on equity of 6.74% and a net margin of 3.39%. As a group, research analysts anticipate that Voestalpine will post 0.83 earnings per share for the current year.

Voestalpine Company Profile

Voestalpine AG is a leading steel-based technology and capital goods group headquartered in Linz, Austria. The company specializes in the production of high-quality steel and sophisticated components for a range of industries, including automotive, railway systems, aerospace, energy, and construction. It operates across all major processing steps in steel production, from raw?material processing and steelmaking to downstream activities such as coating, processing, and assembly.

Voestalpine’s portfolio is organized into several business divisions.