Voestalpine (OTCMKTS:VLPNY) Raised to “Hold” at Zacks Research

Voestalpine (OTCMKTS:VLPNY) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Thursday, Zacks reports.

VLPNY has been the topic of a number of other research reports. UBS Group raised shares of Voestalpine from a “hold” rating to a “buy” rating in a report on Friday, October 9th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Voestalpine in a research report on Friday, September 4th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Voestalpine Price Performance

Shares of VLPNY opened at $9.05 on Thursday. Voestalpine has a 12 month low of $6.62 and a 12 month high of $11.78. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.41 and a quick ratio of 0.54. The stock has a fifty day moving average price of $9.97 and a 200 day moving average price of $10.02. The company has a market cap of $7.76 billion, a P/E ratio of 12.93 and a beta of 1.40.

Voestalpine (OTCMKTS:VLPNY) last posted 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). The company had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.38 billion. Voestalpine had a net margin of 3.39% and a return on equity of 6.66%. On average, research analysts forecast that Voestalpine will post 0.80 earnings per share for the current year.

Voestalpine Company Profile

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.