Headlines about Ampco-Pittsburgh (NYSE:AP) have been trending somewhat positive on Friday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ampco-Pittsburgh earned a news impact score of 0.07 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 44.3262320010938 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news articles that may have effected Accern’s rankings:
- Ampco-Pittsburgh Corp (AP) Major Shareholder Louis Berkman Investment Co Sells 1,226 Shares (americanbankingnews.com)
- Ampco-Pittsburgh Corp (AP) Receives Consensus Recommendation of “Strong Buy” from Brokerages (americanbankingnews.com)
- Insider Selling: Ampco-Pittsburgh Corp (AP) Major Shareholder Sells 1,158 Shares of Stock (americanbankingnews.com)
- Ampco-Pittsburgh (AP) Lowered to “Sell” at Zacks Investment Research (americanbankingnews.com)
A number of research firms have issued reports on AP. 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. Two investment analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $22.00.
Ampco-Pittsburgh (NYSE:AP) last posted its quarterly earnings results on Monday, November 6th. The industrial products company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.15). The business had revenue of $103.89 million for 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 expect that Ampco-Pittsburgh will post -0.62 earnings per share for the current fiscal year.
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Ampco-Pittsburgh Company Profile
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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