Allegheny Technologies (ATI) Releases Quarterly Earnings Results, Beats Expectations By $0.09 EPS
Allegheny Technologies (NYSE:ATI) issued its quarterly earnings data on Wednesday. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.09, AnalystRatingsNetwork.com reports. The company had revenue of $915.00 million for the quarter, compared to the consensus estimate of $974.50 million.
Allegheny Technologies (NYSE:ATI) opened at 34.18 on Wednesday. Allegheny Technologies has a 52 week low of $25.60 and a 52 week high of $36.70. The stock has a 50-day moving average of $34. and a 200-day moving average of $31.02. The company’s market cap is $3.691 billion.
A number of research firms have recently commented on ATI. Analysts at JPMorgan Chase & Co. initiated coverage on shares of Allegheny Technologies in a research note to investors on Tuesday. They set an “underweight” rating on the stock. On the ratings front, analysts at KeyCorp raised their price target on shares of Allegheny Technologies from $40.00 to $44.00 in a research note to investors on Wednesday, January 15th. Finally, analysts at Deutsche Bank downgraded shares of Allegheny Technologies from a “buy” rating to a “hold” rating in a research note to investors on Friday, January 10th. They now have a $36.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. Allegheny Technologies has a consensus rating of “Hold” and a consensus target price of $33.10.
Allegheny Technologies Incorporated (NYSE:ATI) is a diversified specialty metals producer.
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