Brokerages Set Allegheny Technologies Incorporated (ATI) Price Target at $20.65

Allegheny Technologies Incorporated (NYSE:ATI) has earned a consensus rating of “Hold” from the ten analysts that are covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $20.65.

A number of research firms recently weighed in on ATI. Bank of America Corporation upgraded Allegheny Technologies from an “underperform” rating to a “buy” rating and increased their price target for the company from $16.00 to $24.00 in a research note on Monday, September 11th. Longbow Research restated a “buy” rating and issued a $24.00 price target on shares of Allegheny Technologies in a research note on Wednesday, August 23rd. J P Morgan Chase & Co upgraded Allegheny Technologies from an “underweight” rating to a “neutral” rating and increased their price target for the company from $14.50 to $19.00 in a research note on Wednesday, July 26th. BidaskClub cut Allegheny Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Zacks Investment Research upgraded Allegheny Technologies from a “sell” rating to a “hold” rating in a research note on Monday, August 7th.

A number of hedge funds have recently bought and sold shares of the business. Amalgamated Bank increased its position in Allegheny Technologies by 1.2% during the 2nd quarter. Amalgamated Bank now owns 15,449 shares of the basic materials company’s stock worth $263,000 after buying an additional 186 shares during the period. Oppenheimer Asset Management Inc. increased its position in Allegheny Technologies by 2.1% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 9,587 shares of the basic materials company’s stock worth $163,000 after buying an additional 201 shares during the period. Advantus Capital Management Inc increased its position in Allegheny Technologies by 2.9% during the 1st quarter. Advantus Capital Management Inc now owns 13,926 shares of the basic materials company’s stock worth $250,000 after buying an additional 388 shares during the period. Mason Street Advisors LLC increased its position in Allegheny Technologies by 1.1% during the 1st quarter. Mason Street Advisors LLC now owns 51,383 shares of the basic materials company’s stock worth $923,000 after buying an additional 544 shares during the period. Finally, Prudential Financial Inc. increased its position in Allegheny Technologies by 0.9% during the 2nd quarter. Prudential Financial Inc. now owns 73,002 shares of the basic materials company’s stock worth $1,242,000 after buying an additional 660 shares during the period.

COPYRIGHT VIOLATION NOTICE: This story was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another website, it was illegally copied and republished in violation of US and international copyright and trademark laws. The original version of this story can be accessed at https://ledgergazette.com/2017/10/10/brokerages-set-allegheny-technologies-incorporated-ati-price-target-at-20-65.html.

Allegheny Technologies (NYSE ATI) traded up 0.29% during trading on Friday, hitting $24.01. 954,960 shares of the stock were exchanged. Allegheny Technologies has a 1-year low of $13.15 and a 1-year high of $25.51. The stock’s market cap is $2.61 billion. The firm’s 50 day moving average price is $22.30 and its 200-day moving average price is $18.55.

Allegheny Technologies (NYSE:ATI) last posted its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. Allegheny Technologies had a positive return on equity of 0.08% and a negative net margin of 14.89%. The business had revenue of $880.20 million for the quarter, compared to analysts’ expectations of $874.95 million. During the same quarter in the prior year, the business earned ($0.21) EPS. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, analysts anticipate that Allegheny Technologies will post ($1.00) EPS for the current year.

Allegheny Technologies Company Profile

Allegheny Technologies Incorporated is

A number of research firms recently weighed in on ATI. Bank of America Corporation upgraded Allegheny Technologies from an “underperform” rating to a “buy” rating and increased their price target for the company from $16.00 to $24.00 in a research note on Monday, September 11th. Longbow Research restated a “buy” rating and issued a $24.00 price target on shares of Allegheny Technologies in a research note on Wednesday, August 23rd. J P Morgan Chase & Co upgraded Allegheny Technologies from an “underweight” rating to a “neutral” rating and increased their price target for the company from $14.50 to $19.00 in a research note on Wednesday, July 26th. BidaskClub cut Allegheny Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Zacks Investment Research upgraded Allegheny Technologies from a “sell” rating to a “hold” rating in a research note on Monday, August 7th.

A number of hedge funds have recently bought and sold shares of the business. Amalgamated Bank increased its position in Allegheny Technologies by 1.2% during the 2nd quarter. Amalgamated Bank now owns 15,449 shares of the basic materials company’s stock worth $263,000 after buying an additional 186 shares during the period. Oppenheimer Asset Management Inc. increased its position in Allegheny Technologies by 2.1% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 9,587 shares of the basic materials company’s stock worth $163,000 after buying an additional 201 shares during the period. Advantus Capital Management Inc increased its position in Allegheny Technologies by 2.9% during the 1st quarter. Advantus Capital Management Inc now owns 13,926 shares of the basic materials company’s stock worth $250,000 after buying an additional 388 shares during the period. Mason Street Advisors LLC increased its position in Allegheny Technologies by 1.1% during the 1st quarter. Mason Street Advisors LLC now owns 51,383 shares of the basic materials company’s stock worth $923,000 after buying an additional 544 shares during the period. Finally, Prudential Financial Inc. increased its position in Allegheny Technologies by 0.9% during the 2nd quarter. Prudential Financial Inc. now owns 73,002 shares of the basic materials company’s stock worth $1,242,000 after buying an additional 660 shares during the period.

COPYRIGHT VIOLATION NOTICE: This story was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another website, it was illegally copied and republished in violation of US and international copyright and trademark laws. The original version of this story can be accessed at https://ledgergazette.com/2017/10/10/brokerages-set-allegheny-technologies-incorporated-ati-price-target-at-20-65.html.

Allegheny Technologies (NYSE ATI) traded up 0.29% during trading on Friday, hitting $24.01. 954,960 shares of the stock were exchanged. Allegheny Technologies has a 1-year low of $13.15 and a 1-year high of $25.51. The stock’s market cap is $2.61 billion. The firm’s 50 day moving average price is $22.30 and its 200-day moving average price is $18.55.

Allegheny Technologies (NYSE:ATI) last posted its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. Allegheny Technologies had a positive return on equity of 0.08% and a negative net margin of 14.89%. The business had revenue of $880.20 million for the quarter, compared to analysts’ expectations of $874.95 million. During the same quarter in the prior year, the business earned ($0.21) EPS. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, analysts anticipate that Allegheny Technologies will post ($1.00) EPS for the current year.

Allegheny Technologies Company Profile

Allegheny Technologies Incorporated is a manufacturer of specialty materials and complex components. The Company operates through two business segments: High Performance Materials & Components (HPMC), and Flat Rolled Products (FRP). The HPMC segment produces, converts and distributes a range of materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, zirconium and related alloys, including hafnium and niobium, advanced powder alloys and other specialty materials, in long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, and seamless tubes, plus precision forgings, castings, components and machined parts.

Analyst Recommendations for Allegheny Technologies (NYSE:ATI)

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