Allegheny Technologies Given Average Rating of “Hold” by Brokerages (NYSE:ATI)
Allegheny Technologies (NYSE:ATI) has received an average recommendation of “Hold” from the twelve analysts that are presently covering the company, AnalystRatings.Net reports. Two analysts have rated the stock with a sell recommendation, six have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $37.80.
A number of research firms have recently commented on ATI. Analysts at Ned Davis Research upgraded shares of Allegheny Technologies from a “sell” rating to a “neutral” rating in a research note on Monday, May 12th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Allegheny Technologies in a research note on Monday, April 28th. They now have a $43.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Allegheny Technologies in a research note on Wednesday, April 23rd. They now have a $41.00 price target on the stock, up previously from $36.00.
Shares of Allegheny Technologies (NYSE:ATI) traded down 0.20% during mid-day trading on Thursday, hitting $40.69. 163,065 shares of the company’s stock traded hands. Allegheny Technologies has a 52 week low of $25.60 and a 52 week high of $42.66. The stock’s 50-day moving average is $40.47 and its 200-day moving average is $35.37. The company has a market cap of $4.418 billion and a P/E ratio of 35.30.
Allegheny Technologies (NYSE:ATI) last announced its earnings results on Tuesday, April 22nd. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by $0.10. The company had revenue of $98.00 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the company posted $0.09 earnings per share. The company’s revenue for the quarter was down 10.2% on a year-over-year basis. On average, analysts predict that Allegheny Technologies will post $0.39 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Tuesday, June 3rd.
Allegheny Technologies Incorporated (NYSE:ATI) is a diversified specialty metals producer.
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