News stories about Ampco-Pittsburgh (NYSE:AP) have trended somewhat negative recently, Accern Sentiment reports. The research group rates the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. 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 coverage optimism score of 0.00 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 45.5015483366677 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Ampco-Pittsburgh (AP) Lifted to “Hold” at Zacks Investment Research (americanbankingnews.com)
- Zacks: Analysts Set $21.00 Target Price for Ampco-Pittsburgh Corp (AP) (americanbankingnews.com)
- Ampco-Pittsburgh Corp (AP) Major Shareholder Sells $11,863.60 in Stock (americanbankingnews.com)
- Ampco-Pittsburgh Corp (AP) Major Shareholder Sells $225,890.28 in Stock (americanbankingnews.com)
Several research firms have recently weighed in on AP. ValuEngine lowered shares of Ampco-Pittsburgh from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Zacks Investment Research lowered shares of Ampco-Pittsburgh from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $22.00.
In related news, major shareholder Louis Berkman Investment Co sold 2,800 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $13.05, for a total value of $36,540.00. Following the transaction, the insider now owns 1,431,259 shares in the company, valued at approximately $18,677,929.95. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In the last quarter, insiders sold 30,390 shares of company stock worth $358,521. 29.90% of the stock is owned by company insiders.
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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