Allegheny Technologies Hits New 52-Week High at $46.32 (ATI)
Shares of Allegheny Technologies (NYSE:ATI) reached a new 52-week high on Thursday , AnalystRatings.Net reports. The stock traded as high as $46.32 and last traded at $46.31, with a volume of 507,222 shares traded. The stock had previously closed at $45.62.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Allegheny Technologies in a research note on Thursday. They now have a $43.00 price target on the stock, up previously from $41.00. Separately, analysts at Cowen and Company raised their price target on shares of Allegheny Technologies from $35.00 to $48.00 in a research note on Tuesday. Finally, 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. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $40.73.
The stock’s 50-day moving average is $41.77 and its 200-day moving average is $37.20. The company has a market cap of $5.019 billion and a price-to-earnings ratio of 39.50.
Allegheny Technologies (NYSE:ATI) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported ($0.17) earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.09 earnings per share. Allegheny Technologies’s revenue was down 10.2% compared to the same quarter last year. On average, analysts predict that Allegheny Technologies will post $0.35 earnings per share for the current fiscal year.
Allegheny Technologies Incorporated (NYSE:ATI) is a diversified specialty metals producer.
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