Allegheny Technologies (ATI) Posts Quarterly Results
Allegheny Technologies (NYSE:ATI) released its earnings data on Wednesday. The company reported ($0.27) earnings per share (EPS) for the quarter, Analyst Ratings Net reports. The company had revenue of $972.00 million for the quarter, compared to the consensus estimate of $1.15 billion.
Several analysts have recently commented on the stock. Analysts at Sterne Agee initiated coverage on shares of Allegheny Technologies in a research note to investors on Wednesday, October 16th. They set an “underperform” rating and a $32.03 price target on the stock. On the ratings front, analysts at Zacks upgraded shares of Allegheny Technologies from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, October 9th. They now have a $32.00 price target on the stock. Finally, analysts at KeyCorp raised their price target on shares of Allegheny Technologies from $36.00 to $38.00 in a research note to investors on Wednesday, September 18th. They now have a “buy” rating on the stock. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $31.25.
Allegheny Technologies (NYSE:ATI) opened at 32.79 on Wednesday. Allegheny Technologies has a 52-week low of $25.35 and a 52-week high of $36.59. The stock has a 50-day moving average of $27.63 and a 200-day moving average of $28.41. The company has a market cap of $3.540 billion and a price-to-earnings ratio of 57.93.
Allegheny Technologies Incorporated (NYSE:ATI) is a diversified specialty metals producer.
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