Voestalpine AG (OTCMKTS:VLPNY) Given Consensus Rating of “Hold” by Brokerages

Voestalpine AG (OTCMKTS:VLPNYGet Rating) has been assigned an average rating of “Hold” from the eight brokerages that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $35.00.

Several equities research analysts have recently commented on VLPNY shares. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Voestalpine from €39.00 ($41.05) to €35.00 ($36.84) and set a “hold” rating on the stock in a research note on Thursday, June 9th. JPMorgan Chase & Co. downgraded shares of Voestalpine from an “overweight” rating to an “underweight” rating in a research note on Wednesday. Finally, Morgan Stanley upgraded shares of Voestalpine from an “underweight” rating to an “equal weight” rating in a research note on Monday, May 30th.

Shares of OTCMKTS:VLPNY opened at $5.27 on Thursday. Voestalpine has a 52 week low of $4.67 and a 52 week high of $9.61. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.49 and a current ratio of 1.35. The company’s fifty day moving average is $5.41 and its 200-day moving average is $6.25. The company has a market capitalization of $4.70 billion, a PE ratio of 4.54 and a beta of 1.29.

About Voestalpine (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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Analyst Recommendations for Voestalpine (OTCMKTS:VLPNY)

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