Zacks: Universal Stainless & Alloy Products (USAP) Given $21.00 Average Target Price by Analysts

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Shares of Universal Stainless & Alloy Products (NASDAQ:USAP) have earned an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.

Brokerages have set a one year consensus price target of $21.00 for the company and are forecasting that the company will post $0.30 earnings per share for the current quarter, according to Zacks. Zacks has also given Universal Stainless & Alloy Products an industry rank of 214 out of 256 based on the ratings given to related companies.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Universal Stainless & Alloy Products from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 20th. ValuEngine downgraded shares of Universal Stainless & Alloy Products from a “sell” rating to a “strong sell” rating in a research report on Thursday, April 11th. Finally, Cowen reiterated a “buy” rating and issued a $20.00 price objective on shares of Universal Stainless & Alloy Products in a research report on Wednesday, January 23rd.

Universal Stainless & Alloy Products stock traded down $0.09 during mid-day trading on Friday, reaching $14.07. 37,977 shares of the company’s stock were exchanged, compared to its average volume of 47,590. The firm has a market cap of $123.42 million, a PE ratio of 11.53 and a beta of 1.38. Universal Stainless & Alloy Products has a twelve month low of $13.37 and a twelve month high of $30.91. The company has a quick ratio of 0.81, a current ratio of 3.73 and a debt-to-equity ratio of 0.26.

Universal Stainless & Alloy Products (NASDAQ:USAP) last released its earnings results on Wednesday, April 24th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.10). Universal Stainless & Alloy Products had a return on equity of 3.93% and a net margin of 3.87%. The business had revenue of $60.27 million for the quarter, compared to analyst estimates of $65.41 million. On average, equities research analysts anticipate that Universal Stainless & Alloy Products will post 1.27 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the business. Wellington Management Group LLP acquired a new position in shares of Universal Stainless & Alloy Products during the 1st quarter worth approximately $557,000. Marshall Wace LLP acquired a new stake in shares of Universal Stainless & Alloy Products during the 1st quarter worth $595,000. Walthausen & Co. LLC grew its holdings in shares of Universal Stainless & Alloy Products by 6.9% during the 1st quarter. Walthausen & Co. LLC now owns 68,670 shares of the basic materials company’s stock worth $1,138,000 after purchasing an additional 4,420 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Universal Stainless & Alloy Products by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 736,417 shares of the basic materials company’s stock worth $12,203,000 after purchasing an additional 6,950 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Universal Stainless & Alloy Products by 11.8% during the 1st quarter. Wells Fargo & Company MN now owns 14,854 shares of the basic materials company’s stock worth $246,000 after purchasing an additional 1,569 shares in the last quarter. Institutional investors and hedge funds own 88.46% of the company’s stock.

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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