Ampco-Pittsburgh Corp (NYSE:AP) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Analysts have set a twelve-month consensus target price of $21.00 for the company and are anticipating that the company will post $0.11 earnings per share for the current quarter, according to Zacks. Zacks has also given Ampco-Pittsburgh an industry rank of 97 out of 265 based on the ratings given to related companies.

A number of research analysts have recently weighed in on AP shares. ValuEngine lowered Ampco-Pittsburgh from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Zacks Investment Research lowered Ampco-Pittsburgh from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Macquarie Group Ltd. bought a new stake in Ampco-Pittsburgh in the third quarter worth about $132,000. Nationwide Fund Advisors raised its stake in shares of Ampco-Pittsburgh by 36.4% during the second quarter. Nationwide Fund Advisors now owns 9,804 shares of the industrial products company’s stock valued at $145,000 after acquiring an additional 2,615 shares in the last quarter. Rhumbline Advisers bought a new stake in shares of Ampco-Pittsburgh during the second quarter valued at approximately $152,000. Ameriprise Financial Inc. bought a new stake in shares of Ampco-Pittsburgh during the second quarter valued at approximately $205,000. Finally, ClariVest Asset Management LLC bought a new stake in shares of Ampco-Pittsburgh during the third quarter valued at approximately $220,000. 57.93% of the stock is owned by institutional investors and hedge funds.

Shares of Ampco-Pittsburgh (AP) remained flat at $$14.60 during mid-day trading on Thursday. The company’s stock had a trading volume of 19,500 shares, compared to its average volume of 34,700. Ampco-Pittsburgh has a fifty-two week low of $12.15 and a fifty-two week high of $18.59. The company has a current ratio of 1.68, a quick ratio of 0.98 and a debt-to-equity ratio of 0.30. The firm has a market cap of $180.48, a PE ratio of -3.44 and a beta of 1.46.

Ampco-Pittsburgh (NYSE:AP) last issued its quarterly 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). The business had revenue of $103.89 million during the quarter, compared to analysts’ expectations of $109.00 million. Ampco-Pittsburgh had a negative return on equity of 13.75% and a negative net margin of 12.67%. equities research analysts expect that Ampco-Pittsburgh will post -0.62 EPS for the current year.

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About Ampco-Pittsburgh

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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