Jefferies Group Comments on Voestalpine Ag’s FY2018 Earnings (VLPNY)

Voestalpine Ag (OTCMKTS:VLPNY) – Analysts at Jefferies Group lifted their FY2018 earnings per share (EPS) estimates for Voestalpine in a note issued to investors on Tuesday. Jefferies Group analyst S. Rosenfeld now expects that the company will earn $1.02 per share for the year, up from their prior forecast of $1.00.

Separately, Zacks Investment Research upgraded shares of Voestalpine from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Thursday, October 26th.

Voestalpine (OTCMKTS:VLPNY) remained flat at $$12.29 during mid-day trading on Wednesday. Voestalpine has a 52-week low of $7.84 and a 52-week high of $12.32. The stock has a market cap of $10,830.00, a price-to-earnings ratio of 16.17 and a beta of 1.35.

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Voestalpine Company Profile

voestalpine AG processes, develops, and manufactures steel products worldwide. The company operates through five segments: Steel, High Performance Metals, Metal Engineering, Metal Forming, and Other. The Steel division produces and processes hot and cold-rolled steel; electrogalvanized, hot-dip galvanized, and organically coated plates; electrical steel strips; and heavy plates, as well as turbine casings.

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