Allegheny Technologies Given Consensus Recommendation of “Hold” by Analysts (NYSE:ATI)
Allegheny Technologies (NYSE:ATI) has been given a consensus rating of “Hold” by the thirteen analysts that are presently covering the company, StockRatingsNetwork.com reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $39.36.
ATI has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus raised their price target on shares of Allegheny Technologies from $45.00 to $50.00 in a research note on Monday. They now have a “buy” rating on the stock. Separately, analysts at KeyCorp raised their price target on shares of Allegheny Technologies from $48.00 to $53.00 in a research note on Thursday. They now have a “buy” rating on the stock. Finally, 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.
Shares of Allegheny Technologies (NYSE:ATI) traded down 0.94% during mid-day trading on Monday, hitting $44.16. 196,567 shares of the company’s stock traded hands. Allegheny Technologies has a one year low of $25.60 and a one year high of $44.87. The stock’s 50-day moving average is $41.48 and its 200-day moving average is $36.89. The company has a market cap of $4.795 billion and a price-to-earnings ratio of 38.60.
Allegheny Technologies (NYSE:ATI) last released its earnings data on Tuesday, April 22nd. The company reported ($0.17) EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.09 earnings per share. The company’s quarterly revenue was down 10.2% on a year-over-year basis. Analysts expect that Allegheny Technologies will post $0.36 EPS for the current fiscal year.
Allegheny Technologies Incorporated (NYSE:ATI) is a diversified specialty metals producer.
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