Voestalpine AG (OTCMKTS:VLPNY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Voestalpine AG (OTCMKTS:VLPNY) has received an average recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company.

A number of equities research analysts have weighed in on VLPNY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Voestalpine in a research report on Friday, September 4th. UBS Group lowered Voestalpine from a “buy” rating to a “neutral” rating in a research note on Monday, June 8th. Citigroup restated a “neutral” rating on shares of Voestalpine in a report on Thursday, June 11th. Finally, Zacks Research lowered shares of Voestalpine from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 1st.

Voestalpine Stock Performance

Shares of OTCMKTS:VLPNY opened at $10.15 on Thursday. The firm’s 50 day simple moving average is $10.31 and its 200-day simple moving average is $10.06. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.54 and a current ratio of 1.41. Voestalpine has a one year low of $6.62 and a one year high of $11.78. The firm has a market cap of $8.70 billion, a PE ratio of 14.50 and a beta of 1.44.

Voestalpine (OTCMKTS:VLPNY) last announced its quarterly 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). Voestalpine had a net margin of 3.39% and a return on equity of 6.66%. The firm had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.38 billion. As a group, equities analysts predict that Voestalpine will post 0.83 EPS for the current 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.