Voestalpine (OTCMKTS:VLPNY) Stock Bumped Up to “Hold” by Zacks Research

Voestalpine (OTCMKTS:VLPNY) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Zacks reports.

Other analysts also recently issued reports about the stock. UBS Group raised shares of Voestalpine from a “hold” rating to a “buy” rating in a report on Friday, October 9th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Voestalpine in a report on Friday, September 4th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Voestalpine presently has an average rating of “Moderate Buy”.

Voestalpine Trading Down 2.0%

Shares of Voestalpine stock opened at $9.05 on Thursday. The company’s fifty day simple moving average is $9.97 and its 200-day simple moving average is $10.02. The company has a market cap of $7.76 billion, a price-to-earnings ratio of 13.19 and a beta of 1.40. The company has a current ratio of 1.41, a quick ratio of 0.54 and a debt-to-equity ratio of 0.19. Voestalpine has a 1 year low of $6.62 and a 1 year high of $11.78.

Voestalpine (OTCMKTS:VLPNY) last announced 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 for the quarter, compared to the consensus estimate of $4.38 billion. Voestalpine had a return on equity of 6.66% and a net margin of 3.39%. As a group, sell-side analysts expect that Voestalpine will post 0.80 EPS for the current year.

About Voestalpine

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.