Allegheny Technologies Given Consensus Rating of “Hold” by Brokerages (NYSE:ATI)
Allegheny Technologies (NYSE:ATI) has been given an average recommendation of “Hold” by the eleven ratings firms that are covering the company, Stock Ratings Network reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $44.90.
Shares of Allegheny Technologies (NYSE:ATI) traded up 0.60% during mid-day trading on Tuesday, hitting $40.57. The stock had a trading volume of 219,345 shares. Allegheny Technologies has a 1-year low of $26.39 and a 1-year high of $46.32. The stock’s 50-day moving average is $42.87 and its 200-day moving average is $38.68. The company has a market cap of $4.411 billion and a P/E ratio of 37.48.
Allegheny Technologies (NYSE:ATI) last announced its earnings results on Tuesday, July 22nd. The company reported ($0.03) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.01 by $0.04. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the company posted $0.04 earnings per share. Allegheny Technologies’s revenue was down 1.3% compared to the same quarter last year. On average, analysts predict that Allegheny Technologies will post $-0.01 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 17th. Shareholders of record on Wednesday, August 20th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Monday, August 18th.
A number of analysts have recently weighed in on ATI shares. Analysts at Zacks reiterated a “neutral” rating on shares of Allegheny Technologies in a research note on Wednesday, July 30th. They now have a $42.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Allegheny Technologies in a research note on Wednesday, July 23rd. They now have a $31.00 price target on the stock, up previously from $30.00. Finally, analysts at KeyCorp cut their price target on shares of Allegheny Technologies from $53.00 to $51.00 in a research note on Wednesday, July 23rd.
Allegheny Technologies Incorporated (NYSE:ATI) is a diversified specialty metals producer.
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