Ampco-Pittsburgh Corp (NYSE:AP) has earned an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating. Ampco-Pittsburgh’s rating score has declined by 200% in the last three months as a result of a number of analysts’ ratings changes.
Brokers have set a 1 year consensus price objective of $10.00 for the company and are expecting that the company will post ($0.20) EPS for the current quarter, according to Zacks. Zacks has also assigned Ampco-Pittsburgh an industry rank of 160 out of 255 based on the ratings given to its competitors.
Several analysts recently weighed in on the stock. Janney Montgomery Scott cut shares of Ampco-Pittsburgh from a “buy” rating to a “neutral” rating in a research note on Monday, August 13th. ValuEngine raised shares of Ampco-Pittsburgh from a “sell” rating to a “hold” rating in a research note on Thursday, July 26th. Finally, Zacks Investment Research cut shares of Ampco-Pittsburgh from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 15th.
NYSE AP opened at $7.05 on Tuesday. Ampco-Pittsburgh has a fifty-two week low of $6.30 and a fifty-two week high of $18.59. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.52 and a quick ratio of 0.86.
Ampco-Pittsburgh (NYSE:AP) last posted its earnings results on Friday, August 10th. The industrial products company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.33). Ampco-Pittsburgh had a negative return on equity of 3.67% and a negative net margin of 1.62%. The company had revenue of $127.43 million for the quarter, compared to the consensus estimate of $116.00 million. sell-side analysts forecast that Ampco-Pittsburgh will post -0.22 earnings per share for the current fiscal year.
In other Ampco-Pittsburgh news, Director Carl H. Pforzheimer II acquired 6,869 shares of Ampco-Pittsburgh stock in a transaction that occurred on Wednesday, August 15th. The shares were bought at an average price of $7.41 per share, with a total value of $50,899.29. Following the completion of the purchase, the director now directly owns 30,000 shares in the company, valued at approximately $222,300. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 29.90% of the company’s stock.
Several institutional investors have recently modified their holdings of AP. Deutsche Bank AG lifted its holdings in Ampco-Pittsburgh by 117.3% in the fourth quarter. Deutsche Bank AG now owns 19,599 shares of the industrial products company’s stock valued at $242,000 after buying an additional 10,578 shares during the period. LMR Partners LLP acquired a new position in Ampco-Pittsburgh in the second quarter valued at $271,000. Paloma Partners Management Co acquired a new position in Ampco-Pittsburgh in the second quarter valued at $435,000. Ancora Advisors LLC acquired a new position in Ampco-Pittsburgh in the first quarter valued at $659,000. Finally, 22NW LP lifted its holdings in Ampco-Pittsburgh by 71.6% in the first quarter. 22NW LP now owns 121,269 shares of the industrial products company’s stock valued at $1,079,000 after buying an additional 50,597 shares during the period. 54.73% of the stock is currently owned by institutional investors.
Ampco-Pittsburgh Company Profile
Ampco-Pittsburgh Corporation, together with its subsidiaries, manufactures and sells custom designed engineering products to commercial and industrial users worldwide. The company operates in two segments, Forged and Cast Engineered Products; and Air and Liquid Processing. The Forged and Cast Engineered Products segment produces forged hardened steel rolls that are used in cold rolling by producers of steel, aluminum, and other metals; ingot and open-die forged products for use in the oil and gas, and the aluminum and plastic extrusion industries; and cast rolls for hot and cold strip mills, medium/heavy section mills, hot strip finishing, roughing mills, and plate mills in various iron and steel qualities.
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