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Shares of Allegheny Technologies (NYSE:ATI) have earned an average rating of “Hold” from the eleven analysts that are currently covering the company, AnalystRatings.NET reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $44.90.

Allegheny Technologies (NYSE:ATI) opened at 41.34 on Tuesday. Allegheny Technologies has a one year low of $26.39 and a one year high of $46.32. The stock’s 50-day moving average is $42.66 and its 200-day moving average is $38.88. The company has a market cap of $4.495 billion and a P/E ratio of 38.62.

Allegheny Technologies (NYSE:ATI) last posted its quarterly 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 announced a quarterly dividend, which is scheduled for Wednesday, September 17th. Shareholders of record on Wednesday, August 20th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Monday, August 18th.

Several analysts have recently commented on the stock. 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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