Universal Stainless & Alloy Products (NASDAQ:USAP) Receives Consensus Rating of “Strong Buy” from Analysts

Universal Stainless & Alloy Products (NASDAQ:USAP) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.

Analysts have set a 12 month consensus price target of $20.50 for the company and are anticipating that the company will post $0.20 EPS for the current quarter, according to Zacks. Zacks has also given Universal Stainless & Alloy Products an industry rank of 216 out of 255 based on the ratings given to related companies.

A number of brokerages recently weighed in on USAP. KeyCorp decreased their price objective on shares of Universal Stainless & Alloy Products from $24.00 to $20.00 and set an “overweight” rating for the company in a report on Monday, October 14th. Cowen set a $22.00 price objective on shares of Universal Stainless & Alloy Products and gave the company a “buy” rating in a report on Wednesday, August 7th. Zacks Investment Research lowered shares of Universal Stainless & Alloy Products from a “hold” rating to a “strong sell” rating in a report on Saturday, October 19th. Finally, ValuEngine upgraded shares of Universal Stainless & Alloy Products from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd.

Several large investors have recently bought and sold shares of USAP. Minerva Advisors LLC raised its holdings in shares of Universal Stainless & Alloy Products by 16.1% in the 2nd quarter. Minerva Advisors LLC now owns 448,489 shares of the basic materials company’s stock valued at $7,158,000 after purchasing an additional 62,315 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Universal Stainless & Alloy Products by 15.5% in the 2nd quarter. Vanguard Group Inc. now owns 454,766 shares of the basic materials company’s stock valued at $7,276,000 after purchasing an additional 61,163 shares in the last quarter. Balter Liquid Alternatives LLC bought a new stake in shares of Universal Stainless & Alloy Products in the 2nd quarter valued at about $794,000. Russell Investments Group Ltd. raised its holdings in shares of Universal Stainless & Alloy Products by 10.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 488,059 shares of the basic materials company’s stock valued at $7,805,000 after purchasing an additional 46,469 shares in the last quarter. Finally, Paloma Partners Management Co purchased a new position in shares of Universal Stainless & Alloy Products in the 2nd quarter worth approximately $686,000. Institutional investors and hedge funds own 80.04% of the company’s stock.

Shares of USAP stock traded down $0.20 during trading hours on Monday, reaching $14.25. 606 shares of the stock were exchanged, compared to its average volume of 25,985. Universal Stainless & Alloy Products has a 12-month low of $12.30 and a 12-month high of $21.81. The company has a current ratio of 4.51, a quick ratio of 1.06 and a debt-to-equity ratio of 0.26. The company’s 50-day moving average price is $14.22 and its 200-day moving average price is $14.83. The firm has a market capitalization of $126.19 million, a price-to-earnings ratio of 11.61 and a beta of 1.45.

Universal Stainless & Alloy Products (NASDAQ:USAP) last released its quarterly earnings results on Wednesday, October 23rd. The basic materials company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.12). Universal Stainless & Alloy Products had a return on equity of 1.90% and a net margin of 1.90%. The firm had revenue of $56.57 million for the quarter, compared to analysts’ expectations of $65.80 million. On average, sell-side analysts expect that Universal Stainless & Alloy Products will post 0.66 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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