Voestalpine (OTCMKTS:VLPNY) Sets New 52-Week High – What’s Next?
by Amy Steele · The Cerbat GemVoestalpine AG (OTCMKTS:VLPNY – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $9.55 and last traded at $9.4950, with a volume of 2764 shares traded. The stock had previously closed at $9.30.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on VLPNY. UBS Group upgraded shares of Voestalpine from a “hold” rating to a “buy” rating in a report on Monday, November 17th. Citigroup reaffirmed a “neutral” rating on shares of Voestalpine in a report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Voestalpine in a report on Thursday, November 13th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Voestalpine in a report on Tuesday, January 6th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.
View Our Latest Stock Analysis on Voestalpine
Voestalpine Stock Performance
The firm has a 50 day moving average of $8.91 and a 200-day moving average of $7.44. The stock has a market capitalization of $8.14 billion, a PE ratio of 32.74 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.49 and a current ratio of 1.32.
Voestalpine (OTCMKTS:VLPNY – Get Free Report) last announced its quarterly earnings data on Wednesday, November 12th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.01. Voestalpine had a return on equity of 3.10% and a net margin of 1.50%.The company had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.31 billion. Research analysts forecast that Voestalpine AG will post 0.45 earnings per share for the current year.
Voestalpine Company Profile
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.