JPMorgan Chase & Co. Increases Voestalpine (OTCMKTS:VLPNY) Price Target to €21.50

Voestalpine (OTCMKTS:VLPNYGet Rating) had its target price hoisted by analysts at JPMorgan Chase & Co. from €21.30 ($23.15) to €21.50 ($23.37) in a research note issued to investors on Thursday, The Fly reports. The firm presently has an “underweight” rating on the stock.

A number of other equities research analysts have also weighed in on VLPNY. Oddo Bhf raised shares of Voestalpine from an “underperform” rating to a “neutral” rating and set a €28.00 ($30.43) target price on the stock in a report on Thursday, November 3rd. UBS Group lowered shares of Voestalpine from a “neutral” rating to a “sell” rating in a report on Wednesday. Morgan Stanley reduced their target price on shares of Voestalpine from €31.00 ($33.70) to €29.20 ($31.74) in a report on Wednesday, October 5th. Barclays raised shares of Voestalpine from an “equal weight” rating to an “overweight” rating in a report on Thursday, January 12th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Voestalpine from a “hold” rating to a “buy” rating in a research note on Wednesday, November 23rd. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Voestalpine has an average rating of “Hold” and a consensus target price of $26.54.

Voestalpine Price Performance

VLPNY stock opened at $6.13 on Thursday. The company has a 50 day simple moving average of $5.40 and a 200 day simple moving average of $4.54. Voestalpine has a 1 year low of $3.22 and a 1 year high of $7.50. The company has a current ratio of 1.52, a quick ratio of 0.58 and a debt-to-equity ratio of 0.32.

Voestalpine (OTCMKTS:VLPNYGet Rating) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.09 earnings per share (EPS) for the quarter. The business had revenue of $4.69 billion during the quarter. Voestalpine had a net margin of 10.18% and a return on equity of 18.98%. On average, analysts anticipate that Voestalpine will post 1.15 EPS for the current fiscal year.

About Voestalpine

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voestalpine AG engages in the production, processing, and distribution of steel products. It operates through the following divisions: Steel, High Performance Metals, Metal Engineering, Metal Forming and Other. The Steel division focuses on the production and processing of steel products for the segments automotive industry, white goods, electrical industry, processing industry, energy, and engineering industry.

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