Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:
Shares of Allegheny Technologies Incorporated (NYSE:ATI - Get Rating) have received an average recommendation of "Moderate Buy" from the ten analysts that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $26.13.
Several brokerages recently issued reports on ATI. StockNews.com began coverage on shares of Allegheny Technologies in a report on Thursday, March 31st. They set a "hold" rating for the company. KeyCorp lifted their price target on shares of Allegheny Technologies from $28.00 to $31.00 and gave the company an "overweight" rating in a report on Monday, April 4th.
Shares of Allegheny Technologies stock opened at $23.11 on Wednesday. The company has a debt-to-equity ratio of 2.15, a current ratio of 2.61 and a quick ratio of 1.25. Allegheny Technologies has a fifty-two week low of $13.85 and a fifty-two week high of $30.74. The firm has a fifty day moving average price of $26.02 and a two-hundred day moving average price of $23.84. The company has a market cap of $2.87 billion, a PE ratio of -577.75 and a beta of 1.28.
Video reveals the most powerful trade you’ve NEVER heard of. Released every Tuesday, it could DOUBLE your money by Friday. In past 3 years, it’s won 321 out of 324 of these trades, with the majority making 100%+ every 3-10 days. See how a simple 10-minute trade on Tue could double your money by Fri. Watch Video Now For Full Details.
Allegheny Technologies (NYSE:ATI - Get Rating) last released its quarterly earnings data on Wednesday, May 4th. The basic materials company reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.18. The company had revenue of $834.10 million during the quarter, compared to the consensus estimate of $748.04 million. Allegheny Technologies had a net margin of 0.02% and a return on equity of 11.17%. The firm's revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period last year, the firm earned ($0.06) EPS. Analysts expect that Allegheny Technologies will post 1.53 earnings per share for the current fiscal year.
In related news, CMO Kevin B. Kramer sold 10,000 shares of Allegheny Technologies stock in a transaction that occurred on Thursday, April 14th. The shares were sold at an average price of $30.00, for a total transaction of $300,000.00. Following the transaction, the chief marketing officer now owns 160,338 shares of the company's stock, valued at approximately $4,810,140. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.82% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in ATI. BNP Paribas Arbitrage SA lifted its stake in Allegheny Technologies by 177.6% in the third quarter. BNP Paribas Arbitrage SA now owns 134,502 shares of the basic materials company's stock valued at $2,237,000 after buying an additional 86,043 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in shares of Allegheny Technologies in the third quarter worth $627,000. Comerica Bank lifted its position in shares of Allegheny Technologies by 69.3% in the third quarter. Comerica Bank now owns 202,196 shares of the basic materials company's stock worth $3,229,000 after purchasing an additional 82,760 shares in the last quarter. Moors & Cabot Inc. bought a new stake in shares of Allegheny Technologies in the third quarter worth $1,255,000. Finally, Centre Asset Management LLC bought a new stake in shares of Allegheny Technologies in the fourth quarter worth $2,455,000.
About Allegheny Technologies (Get Rating)
Allegheny Technologies Incorporated manufactures and sells specialty materials and components worldwide. The company operates in two segments: High Performance Materials & Components (HPMC) and Advanced Alloys & Solutions (AA&S). The HPMC segment produces various materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, advanced powder alloys and other specialty materials, in long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, and seamless tubes, as well as precision forgings, components, and machined parts.
Recommended StoriesGet a free copy of the StockNews.com research report on Allegheny Technologies (ATI)Two More Reasons This Bear Market Isn’t Over 3 Dow Laggards Poised for a Second Half ComebackThe Most Upgraded Stocks To Buy Before The 2nd Half StartsHeadwinds Sap Strength From Enerpac Tool Group How to Profit In The Bear Market
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider Allegheny Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Allegheny Technologies wasn't on the list.
While Allegheny Technologies currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter:
Today Kate sits down with repeat guest Andrew Chanin, Co-Founder and CEO of ETF manager ProcureAM. Andrew shares the story behind the launch of the Procure Disaster Recovery Strategy ETF (FEMA).
Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.
Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.
Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.
Twitter Facebook StockTwits Financial Juice YouTube
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved. 326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257 MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Our Accessibility Statement | Terms of Service | Do Not Sell My Information | RSS Feeds
© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer.