Zacks: Universal Stainless & Alloy Products, Inc. (USAP) Given Consensus Rating of “Hold” by Analysts

Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) has been given an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation. Universal Stainless & Alloy Products’ rating score has declined by 20% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.

Zacks has also assigned Universal Stainless & Alloy Products an industry rank of 98 out of 265 based on the ratings given to its competitors.

A number of equities research analysts have recently issued reports on USAP shares. Zacks Investment Research cut shares of Universal Stainless & Alloy Products from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. KeyCorp reaffirmed a “hold” rating on shares of Universal Stainless & Alloy Products in a report on Thursday, November 16th.

Shares of Universal Stainless & Alloy Products (NASDAQ USAP) opened at $24.30 on Wednesday. The company has a market cap of $173.12, a price-to-earnings ratio of 299.38 and a beta of 1.12. Universal Stainless & Alloy Products has a 52-week low of $11.60 and a 52-week high of $26.70. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.41 and a quick ratio of 0.77.

Universal Stainless & Alloy Products (NASDAQ:USAP) last issued its quarterly earnings results on Wednesday, January 24th. The basic materials company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.07). Universal Stainless & Alloy Products had a return on equity of 0.34% and a net margin of 4.09%. The business had revenue of $50.30 million for the quarter, compared to the consensus estimate of $47.17 million. During the same period last year, the firm earned ($0.22) earnings per share. The company’s quarterly revenue was up 47.1% compared to the same quarter last year. equities analysts predict that Universal Stainless & Alloy Products will post 1.1 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the company. Nationwide Fund Advisors raised its holdings in shares of Universal Stainless & Alloy Products by 154.8% in the 3rd quarter. Nationwide Fund Advisors now owns 6,273 shares of the basic materials company’s stock valued at $131,000 after purchasing an additional 3,811 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Universal Stainless & Alloy Products by 195.0% in the 4th quarter. Wells Fargo & Company MN now owns 6,666 shares of the basic materials company’s stock valued at $143,000 after purchasing an additional 4,406 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Universal Stainless & Alloy Products by 1,400.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,500 shares of the basic materials company’s stock valued at $155,000 after purchasing an additional 7,000 shares during the period. Macquarie Group Ltd. bought a new stake in shares of Universal Stainless & Alloy Products in the 3rd quarter valued at about $172,000. Finally, Smith Moore & CO. bought a new stake in shares of Universal Stainless & Alloy Products in the 3rd quarter valued at about $250,000. 86.29% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: “Zacks: Universal Stainless & Alloy Products, Inc. (USAP) Given Consensus Rating of “Hold” by Analysts” was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this news story can be viewed at https://www.americanbankingnews.com/2018/02/14/zacks-universal-stainless-alloy-products-inc-usap-given-consensus-rating-of-hold-by-analysts.html.

About Universal Stainless & Alloy Products

Universal Stainless & Alloy Products, Inc manufactures and markets semi-finished and finished specialty steel products, including stainless steel, nickel alloys, tool steel and certain other alloyed steels. The Company’s manufacturing process involves melting, remelting, heat treating, hot and cold rolling, forging, machining and cold drawing of semi-finished and finished specialty steels.

Get a free copy of the Zacks research report on Universal Stainless & Alloy Products (USAP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Universal Stainless & Alloy Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Stainless & Alloy Products and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply