Zacks: Universal Stainless & Alloy Products (NASDAQ:USAP) Given $17.00 Consensus Target Price by Analysts

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Universal Stainless & Alloy Products (NASDAQ:USAP) has been assigned a consensus broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. Universal Stainless & Alloy Products’ rating score has declined by 100% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.

Brokerages have set a one year consensus target price of $17.00 for the company and are anticipating that the company will post $0.12 EPS for the current quarter, according to Zacks. Zacks has also given Universal Stainless & Alloy Products an industry rank of 196 out of 255 based on the ratings given to related companies.

Separately, Cowen dropped their price objective on Universal Stainless & Alloy Products from $21.00 to $17.00 and set an “outperform” rating for the company in a report on Wednesday, January 29th.

In other news, VP Christopher M. Zimmer acquired 2,600 shares of Universal Stainless & Alloy Products stock in a transaction dated Tuesday, February 25th. The shares were acquired at an average cost of $12.60 per share, with a total value of $32,760.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 7.20% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Credit Suisse AG acquired a new stake in shares of Universal Stainless & Alloy Products in the fourth quarter worth $192,000. First Trust Advisors LP purchased a new stake in Universal Stainless & Alloy Products during the 3rd quarter worth $311,000. Wedge Capital Management L L P NC boosted its position in Universal Stainless & Alloy Products by 44.6% during the 4th quarter. Wedge Capital Management L L P NC now owns 23,772 shares of the basic materials company’s stock worth $354,000 after purchasing an additional 7,330 shares during the period. Monarch Partners Asset Management LLC boosted its position in Universal Stainless & Alloy Products by 25.5% during the 3rd quarter. Monarch Partners Asset Management LLC now owns 32,810 shares of the basic materials company’s stock worth $512,000 after purchasing an additional 6,660 shares during the period. Finally, Ancora Advisors LLC increased its holdings in Universal Stainless & Alloy Products by 9.2% in the 4th quarter. Ancora Advisors LLC now owns 69,150 shares of the basic materials company’s stock valued at $1,030,000 after purchasing an additional 5,852 shares in the last quarter. Institutional investors own 74.76% of the company’s stock.

Shares of USAP traded up $0.07 on Friday, hitting $12.56. 3,600 shares of the stock traded hands, compared to its average volume of 19,321. Universal Stainless & Alloy Products has a 1 year low of $12.30 and a 1 year high of $19.16. The stock’s 50 day moving average is $13.59 and its two-hundred day moving average is $14.46. The firm has a market capitalization of $109.79 million, a P/E ratio of 25.63 and a beta of 1.47. The company has a quick ratio of 0.88, a current ratio of 3.82 and a debt-to-equity ratio of 0.25.

Universal Stainless & Alloy Products (NASDAQ:USAP) last posted its quarterly earnings results on Wednesday, January 22nd. The basic materials company reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.01). Universal Stainless & Alloy Products had a return on equity of 1.73% and a net margin of 1.76%. The company had revenue of $55.17 million for the quarter, compared to analysts’ expectations of $57.30 million. Research analysts forecast that Universal Stainless & Alloy Products will post 0.5 EPS for the current year.

About Universal Stainless & Alloy Products

Universal Stainless & Alloy Products, Inc, together with its subsidiaries, manufactures and markets semi-finished and finished specialty steel products in the United States and internationally. The company's products include stainless steel, nickel alloys, tool steel, and various other alloyed steels.

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