Voestalpine AG (OTCMKTS:VLPNY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Voestalpine AG (OTCMKTS:VLPNY) has been given an average rating of “Moderate Buy” by the six analysts that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company.

Several brokerages recently weighed in on VLPNY. Citigroup restated a “neutral” rating on shares of Voestalpine in a research note on Thursday, June 11th. Zacks Research raised Voestalpine from a “hold” rating to a “strong-buy” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Voestalpine in a research report on Thursday, June 4th. Finally, UBS Group downgraded shares of Voestalpine from a “buy” rating to a “neutral” rating in a report on Monday, June 8th.

Voestalpine Stock Performance

Voestalpine stock opened at $11.13 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 1.35. The company has a 50 day moving average price of $10.14 and a 200-day moving average price of $9.99. The company has a market capitalization of $9.54 billion, a PE ratio of 18.25 and a beta of 1.44. Voestalpine has a fifty-two week low of $5.35 and a fifty-two week high of $11.78.

Voestalpine (OTCMKTS:VLPNY) last issued its quarterly earnings data on Wednesday, June 3rd. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. Voestalpine had a return on equity of 5.98% and a net margin of 2.97%.The firm had revenue of $4.59 billion during the quarter, compared to analysts’ expectations of $4.19 billion. As a group, equities analysts forecast that Voestalpine will post 0.88 earnings per share for the current year.

About Voestalpine

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.