In a report released today, Lucy Guo from Cowen & Co. maintained a Buy rating on Universal Stainless & Alloy Products (NASDAQ: USAP), with a price target of $30. The company’s shares closed yesterday at $21.80.
According to TipRanks.com, Guo is ranked #1709 out of 4886 analysts.
Universal Stainless & Alloy Products has an analyst consensus of Moderate Buy, with a price target consensus of $30.
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Based on Universal Stainless & Alloy Products’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $4.04 million. In comparison, last year the company had a GAAP net loss of $259K.
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of USAP in relation to earlier this year.
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Universal Stainless & Alloy Products, Inc. engages in the manufacture and marketing of semi-finished and finished specialty steels, including stainless steel, nickel alloys, tool steel, and certain other alloyed steels.
