Allegheny Technologies PT Raised to $48.00 at Cowen and Company (ATI)
Equities researchers at Cowen and Company lifted their target price on shares of Allegheny Technologies (NYSE:ATI) from $35.00 to $48.00 in a research report issued on Tuesday. Cowen and Company’s target price points to a potential upside of 5.89% from the company’s current price.
Shares of Allegheny Technologies (NYSE:ATI) traded up 0.51% during mid-day trading on Tuesday, hitting $45.33. 1,018,801 shares of the company’s stock traded hands. Allegheny Technologies has a one year low of $25.60 and a one year high of $46.02. The stock’s 50-day moving average is $41.66 and its 200-day moving average is $37.14. The company has a market cap of $4.922 billion and a price-to-earnings ratio of 39.05.
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.
Other equities research analysts have also recently issued reports about the stock. 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, June 26th. 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. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $40.55.
Allegheny Technologies Incorporated (NYSE:ATI) is a diversified specialty metals producer.