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

Shares of Voestalpine AG (OTCMKTS:VLPNYGet Rating) have been given a consensus rating of “Hold” by the nine research firms that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $36.00.

Several analysts have recently issued reports on VLPNY shares. Morgan Stanley reduced their price objective on Voestalpine from €32.00 ($34.41) to €30.50 ($32.80) and set an “underweight” rating on the stock in a research note on Monday, April 11th. Credit Suisse Group raised Voestalpine from a “neutral” rating to an “outperform” rating in a report on Tuesday, February 22nd. Zacks Investment Research lowered Voestalpine from a “hold” rating to a “sell” rating in a report on Tuesday. JPMorgan Chase & Co. lowered their price target on Voestalpine from €42.00 ($45.16) to €41.50 ($44.62) in a report on Friday, January 14th. Finally, Erste Group raised Voestalpine from a “hold” rating to an “accumulate” rating in a report on Tuesday, February 15th.

VLPNY stock opened at $5.11 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.35 and a quick ratio of 0.49. The business has a 50 day simple moving average of $5.93 and a 200-day simple moving average of $6.77. The firm has a market capitalization of $4.56 billion, a PE ratio of 4.41 and a beta of 1.30. Voestalpine has a 1 year low of $4.96 and a 1 year high of $9.61.

Voestalpine (OTCMKTS:VLPNYGet Rating) last released its quarterly earnings results on Wednesday, February 9th. The company reported $0.26 EPS for the quarter. Voestalpine had a return on equity of 14.73% and a net margin of 6.18%. The company had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.26 billion. On average, equities research analysts expect that Voestalpine will post 1.25 EPS for the current year.

Voestalpine Company Profile (Get Rating)

Voestalpine AG processes, develops, manufactures, and sells steel products worldwide. The company operates through five segments: Steel, High Performance Metals, Metal Engineering, Metal Forming, and Other. The Steel division produces hot and cold-rolled steel strips, as well as electrogalvanized, hot-dip galvanized, and organically coated steel strips; and heavy plates for the energy sector, as well as turbine casings for automotive, white goods/consumer goods, building/construction, energy, mechanical engineering, and others.

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