Voestalpine AG (OTCMKTS:VLPNY – Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $10.28, but opened at $9.70. Voestalpine shares last traded at $9.70, with a volume of 100 shares traded.
Analysts Set New Price Targets
A number of research firms have commented on VLPNY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Voestalpine in a research note on Thursday, June 4th. UBS Group downgraded shares of Voestalpine from a “buy” rating to a “neutral” rating in a report on Monday, June 8th. Citigroup restated a “neutral” rating on shares of Voestalpine in a research report on Thursday, June 11th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Voestalpine in a research note on Tuesday, February 24th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.
View Our Latest Analysis on Voestalpine
Voestalpine Price Performance
Voestalpine (OTCMKTS:VLPNY – Get Free Report) last issued its quarterly earnings data on Wednesday, June 3rd. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.02. The company had revenue of $4.59 billion for the quarter, compared to analysts’ expectations of $4.19 billion. Voestalpine had a return on equity of 6.04% and a net margin of 2.97%. Analysts anticipate that Voestalpine AG will post 0.84 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.
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