Ampco-Pittsburgh Stock Rating Upgraded by TheStreet (AP)

Ampco-Pittsburgh (NYSE: AP) was upgraded by TheStreet from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

The analysts wrote, “Ampco-Pittsburgh Corporation (AP) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.”

Shares of Ampco-Pittsburgh (NYSE: AP) opened at 18.89 on Wednesday. Ampco-Pittsburgh has a one year low of $15.20 and a one year high of $21.02. The stock’s 50-day moving average is currently $18.97. The company has a market cap of $195.4 million and a P/E ratio of 23.61.

Ampco-Pittsburgh (NYSE: AP) last released its earnings data on Monday, February 4th. The company reported $0.32 EPS for the quarter. The company had revenue of $77.15 million for the quarter, compared to the consensus estimate of $86.51 million.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, April 30th. Stockholders of record on Monday, April 15th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.81%. The ex-dividend date is Thursday, April 11th.

Ampco-Pittsburgh Corporation operates in two segments: Forged and Cast Rolls, and Air and Liquid Processing.

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