According to Zacks, “voestalpine AG is engaged in the production, processing and distribution of steel products. Its operating division consists of Steel, Special Steel, Metal Engineering, Metal Forming and Other. Steel division focuses on the production and processing of flat steel products for the automotive, white goods and construction industries. Special Steel division segment manufactures tool steel and high-speed steel. Metal Engineering division produces rails and turnout products, rod wire, drawn wire, premium seamless tubes and welding filler materials. Metal Forming division offers special sections, tube products, and precision strip steel as well as pre-finished system components. Other segment provides coordination services and assistance to the subsidiaries. voestalpine AG is headquartered in Linz, Austria. “
Several other brokerages have also issued reports on VLPNY. Credit Suisse Group upgraded shares of Voestalpine from a “neutral” rating to an “outperform” rating in a research report on Tuesday, February 22nd. Erste Group upgraded shares of Voestalpine from a “hold” rating to an “accumulate” rating in a research report on Tuesday, February 15th. Morgan Stanley cut their target price on shares of Voestalpine from €32.00 ($34.41) to €30.50 ($32.80) and set an “underweight” rating for the company in a research report on Monday, April 11th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Voestalpine from €42.00 ($45.16) to €41.50 ($44.62) in a report on Friday, January 14th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $21.77.
Voestalpine (OTCMKTS:VLPNY – Get Rating) last announced its quarterly earnings results on Wednesday, February 9th. The company reported $0.26 EPS for the quarter. The firm had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.26 billion. Voestalpine had a net margin of 6.18% and a return on equity of 14.73%. Equities analysts anticipate that Voestalpine will post 1.25 EPS for the current fiscal year.
Voestalpine Company Profile (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.
- Get a free copy of the StockNews.com research report on Voestalpine (VLPNY)
- Kimberly-Clark Pops On Successful Price Pass-Through
- Synchrony Financial Stock is Ready to Slingshot Back Up
- Why These 3 Stocks Matter Most in the Dow
- Cisco Systems Stock Bestows Another Buy the Dip Opportunity
- 3 Stocks Near 52-Week Highs That Still Look Cheap
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Voestalpine Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Voestalpine and related companies with MarketBeat.com's FREE daily email newsletter.