Voestalpine (OTCMKTS:VLPNY) Sets New 1-Year High – Time to Buy?

Shares of Voestalpine AG (OTCMKTS:VLPNYGet Free Report) reached a new 52-week high on Tuesday . The company traded as high as $9.55 and last traded at $9.4950, with a volume of 2764 shares. The stock had previously closed at $9.30.

Analysts Set New Price Targets

VLPNY has been the subject of a number of recent analyst reports. Citigroup reaffirmed a “neutral” rating on shares of Voestalpine in a report on Thursday, January 22nd. UBS Group raised shares of Voestalpine from a “hold” rating to a “buy” rating in a report on Monday, November 17th. Morgan Stanley reaffirmed an “overweight” rating on shares of Voestalpine in a report on Tuesday, January 6th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Voestalpine in a research note on Thursday, November 13th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Check Out Our Latest Research Report on VLPNY

Voestalpine Price Performance

The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.49 and a current ratio of 1.32. The stock has a market capitalization of $8.14 billion, a P/E ratio of 32.74 and a beta of 1.33. The firm has a fifty day moving average price of $8.91 and a two-hundred day moving average price of $7.44.

Voestalpine (OTCMKTS:VLPNYGet Free Report) last announced its quarterly earnings data on Wednesday, November 12th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01. Voestalpine had a net margin of 1.50% and a return on equity of 3.10%. The firm had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.31 billion. As a group, analysts expect that Voestalpine AG will post 0.45 EPS for the current fiscal year.

About Voestalpine

(Get Free Report)

Voestalpine AG is a leading steel-based technology and capital goods group headquartered in Linz, Austria. The company specializes in the production of high-quality steel and sophisticated components for a range of industries, including automotive, railway systems, aerospace, energy, and construction. It operates across all major processing steps in steel production, from raw‐material processing and steelmaking to downstream activities such as coating, processing, and assembly.

Voestalpine’s portfolio is organized into several business divisions.

Further Reading

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