Shares of Ampco-Pittsburgh Corp (NYSE:AP) have received an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Brokers have set a one year consensus target price of $21.00 for the company and are forecasting that the company will post $0.11 EPS for the current quarter, according to Zacks. Zacks has also assigned Ampco-Pittsburgh an industry rank of 97 out of 265 based on the ratings given to related companies.
Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Ampco-Pittsburgh from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 9th. ValuEngine cut Ampco-Pittsburgh from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th.
Ampco-Pittsburgh (NYSE:AP) last issued its earnings results on Monday, November 6th. The industrial products company reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.15). Ampco-Pittsburgh had a negative return on equity of 13.75% and a negative net margin of 12.67%. The company had revenue of $103.89 million for the quarter, compared to the consensus estimate of $109.00 million. sell-side analysts anticipate that Ampco-Pittsburgh will post -0.62 earnings per share for the current year.
Several large investors have recently added to or reduced their stakes in the company. Walthausen & Co. LLC lifted its stake in Ampco-Pittsburgh by 97.1% in the 2nd quarter. Walthausen & Co. LLC now owns 318,444 shares of the industrial products company’s stock valued at $4,697,000 after acquiring an additional 156,850 shares in the last quarter. Quantum Capital Management bought a new stake in Ampco-Pittsburgh in the 3rd quarter valued at approximately $1,143,000. Wedge Capital Management L L P NC bought a new stake in Ampco-Pittsburgh in the 3rd quarter valued at approximately $840,000. Dimensional Fund Advisors LP lifted its stake in Ampco-Pittsburgh by 6.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 633,265 shares of the industrial products company’s stock valued at $11,020,000 after acquiring an additional 36,417 shares in the last quarter. Finally, Goldman Sachs Group Inc. bought a new stake in Ampco-Pittsburgh in the 2nd quarter valued at approximately $342,000. Institutional investors and hedge funds own 57.93% of the company’s stock.
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Ampco-Pittsburgh Corporation is engaged in manufacturing and selling specialty metal products and customized equipment utilized by industry throughout the world. The Company operates through two segments: the Forged and Cast Engineered Products segment, and the Air and Liquid Processing segment. The Forged and Cast Engineered Products segment consists of Union Electric Steel Corporation (Union Electric Steel or UES) and Union Electric Steel UK Limited (UES-UK).
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