Look At Analyst Expectations For A Better Read On Alpha Pro Tech Ltd. (AMEX: APT)


    The Vanguard Group, Inc. recently announced the acquisition of new stake in Alpha Pro Tech Ltd. (AMEX:APT). The institutional investor has increased its shareholding in the Industrials company by 54.17% to 0.72 million shares with purchase of 0.25 million shares. This fresh investment now brings its stake to 5.29% valued currently at $15.64 million. In addition, BlackRock Fund Advisors raised its holdings by 0.57 million to 0.61 million shares. And Susquehanna Financial Group LLLP has lifted its position by 258.78% or 0.37 million shares – to 0.51 million shares.

    With over 1.28 million Alpha Pro Tech Ltd. (APT) shares trading Monday and a closing price of $14.03 on the day, the dollar volume was approximately $17.98 million. The shares have shown a negative weekly performance of -6.28% and its price on 08/31/20 lost nearly -4.49%. Currently, there are 13.35M common shares owned by the public and among those 12.28M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for APT have a consensus price objective of $32.50. The analysts have set the share’s price value over the next 12 months at a high of $32.50 and a low of $32.50 should the stock experience a downside. Incidentally, analysts’ outlook for the Alpha Pro Tech Ltd. stock is 1.00 for the next 12 months. But an upside of 56.83% will see the stock hit the forecast high price target while mean target price for the stock is $32.50.

    Insiders at the company have transacted a total of 39 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 22 of these insider trades were purchases, accounting for 569,584 shares. Insider sales of the common stock occurred on 17 occasions, with total insider shares sold totaling 1,231,574 shares.

    The top 3 mutual fund holders in Alpha Pro Tech Ltd. are Vanguard Total Stock Market Index, iShares Russell 2000 ETF, and Vanguard Explorer Fund. Vanguard Total Stock Market Index owns 0.35 million shares of the company’s stock, all valued at over $7.58 million. The company bought an additional 53600.0 shares recently to bring their total holdings to about 2.57% of the shares outstanding. iShares Russell 2000 ETF sold 11900.0 shares to see its total holdings shrink to 0.26 million shares valued at over $5.56 million and representing 1.88% of the shares outstanding. Vanguard Explorer Fund bought 0.18 million shares to bring its total holdings to over 0.18 million shares at a value of $3.94 million. Vanguard Explorer Fund now owns shares totaling to 1.33% of the shares outstanding.

    Shares of Alpha Pro Tech Ltd. (AMEX: APT) opened at $14.80, up $0.11 from a prior closing price of $14.69. However, the script later closed the day at $14.03, down -4.49%. The company’s stock has a 5-day price change of -6.28% and 14.53% over the past three months. APT shares are trading 309.04% year to date (YTD), with the 12-month market performance up to 306.67% higher. It has a 12-month low price of $3.20 and touched a high of $41.59 over the same period. Currently, 1.28 million shares have been traded, compared to an average intraday trading volume of 3.26 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -18.11%, -23.66%, and 23.16% respectively.

    Institutional ownership of Alpha Pro Tech Ltd. (AMEX: APT) shares accounts for 35.80% of the company’s 13.35M shares outstanding. Mutual fund holders own 22.16%, while other institutional holders and individual stakeholders account for 33.81% and 13.33% respectively.

    It has a market capitalization of $202.31M and a beta (3y monthly) value of -1.06. The stock’s trailing 12-month PE ratio is 15.49, while the earnings-per-share (ttm) stands at $0.91. The company has a PEG of 1.03 and a Quick Ratio of 3.20 with the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.81% over the week and 7.96% over the month.

    Analysts forecast that Alpha Pro Tech Ltd. (APT) will achieve an EPS of $0.46 for the current quarter, $0.73 for the next quarter and $2.66 for 2021. The lowest estimate earnings-per-share for the quarter is $0.46 while analysts give the company a high EPS estimate of $0.46. Earnings per share for the fiscal year are expected to decrease by -12.30%, and 40.74% over the next financial year. EPS should grow at an annualized rate of 15.00% over the next five years, compared to 9.20% over the past 5-year period.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Alpha Pro Tech Ltd. (APT) as a “Strong Buy” at a consensus score of 1.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the APT, a number of firms have released research notes about the stock. Dougherty & Company stated their Neutral rating for the stock in a research note on March 30, 2010, with the firm’s price target at $5-$2.50. Dougherty & Company coverage for the Alpha Pro Tech Ltd. (APT) stock in a research note released on October 16, 2009 offered a Buy rating with a price target of $10.


    Please enter your comment!
    Please enter your name here