Voestalpine (OTCMKTS:VLPNY) Upgraded to Buy by Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of Voestalpine (OTCMKTS:VLPNYGet Rating) from a hold rating to a buy rating in a report published on Wednesday morning, The Fly reports.

A number of other research firms also recently commented on VLPNY. Morgan Stanley decreased their target price on Voestalpine from €31.00 ($31.63) to €29.20 ($29.80) in a research report on Wednesday, October 5th. UBS Group decreased their target price on Voestalpine from €28.70 ($29.29) to €21.00 ($21.43) and set a neutral rating on the stock in a research report on Tuesday, July 26th. JPMorgan Chase & Co. boosted their target price on Voestalpine from €18.90 ($19.29) to €19.60 ($20.00) and gave the stock an underweight rating in a research report on Thursday, November 10th. Finally, Oddo Bhf upgraded Voestalpine from an underperform rating to a neutral rating and set a €28.00 ($28.57) target price on the stock in a research report on Thursday, November 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $25.76.

Voestalpine Stock Up 9.9 %

Voestalpine stock opened at $5.37 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.52 and a quick ratio of 0.58. Voestalpine has a 1-year low of $3.22 and a 1-year high of $7.92. The company has a market cap of $4.79 billion, a PE ratio of 4.21 and a beta of 1.50. The stock’s 50 day moving average price is $4.12 and its 200 day moving average price is $4.48.

Voestalpine Company Profile

(Get Rating)

Voestalpine AG processes, develops, manufactures, and sells steel products in Austria, European Union, and internationally. 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.

Further Reading

The Fly logo

Analyst Recommendations for Voestalpine (OTCMKTS:VLPNY)

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.