Zacks: Analysts Set $21.00 Target Price for Ampco-Pittsburgh Corporation (AP)
Ampco-Pittsburgh Corporation (NYSE:AP) has been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Analysts have set a 1 year consensus price objective of $21.00 for the company and are expecting 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 238 out of 265 based on the ratings given to its competitors.
AP has been the subject of several research analyst reports. ValuEngine raised shares of Ampco-Pittsburgh from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research downgraded shares of Ampco-Pittsburgh from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Janney Montgomery Scott raised shares of Ampco-Pittsburgh from a “neutral” rating to a “buy” rating and lifted their price target for the company from $16.00 to $22.00 in a research note on Wednesday, August 9th. Finally, Desjardins reaffirmed a “buy” rating on shares of Ampco-Pittsburgh in a research note on Thursday, August 17th.
Shares of Ampco-Pittsburgh (NYSE:AP) traded down $0.35 during midday trading on Friday, reaching $14.15. 5,865 shares of the company’s stock traded hands, compared to its average volume of 20,992. The company has a quick ratio of 0.98, a current ratio of 1.68 and a debt-to-equity ratio of 0.30. Ampco-Pittsburgh has a twelve month low of $12.40 and a twelve month high of $18.59.
Ampco-Pittsburgh (NYSE:AP) last announced its quarterly earnings data on Monday, November 6th. The industrial products company reported ($0.18) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.15). The firm had revenue of $103.89 million during the quarter, compared to the consensus estimate of $109.00 million. Ampco-Pittsburgh had a negative return on equity of 13.75% and a negative net margin of 12.67%. sell-side analysts predict that Ampco-Pittsburgh will post -0.62 earnings per share for the current fiscal year.
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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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