Allegheny Technologies (ATI) Getting Somewhat Favorable Press Coverage, Analysis Shows

Media coverage about Allegheny Technologies (NYSE:ATI) has been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Allegheny Technologies earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news coverage about the basic materials company an impact score of 45.9813540945414 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the media stories that may have impacted Accern’s rankings:

Several research analysts have weighed in on ATI shares. Bank of America upgraded shares of Allegheny Technologies from an “underperform” rating to a “buy” rating and upped their target price for the stock from $16.00 to $24.00 in a research report on Monday, September 11th. Longbow Research restated a “buy” rating and set a $24.00 target price on shares of Allegheny Technologies in a research report on Wednesday, August 23rd. KeyCorp restated a “hold” rating on shares of Allegheny Technologies in a research report on Thursday, November 16th. Berenberg Bank set a $17.00 target price on shares of Allegheny Technologies and gave the stock a “hold” rating in a research report on Thursday, October 19th. Finally, Cowen restated a “hold” rating and set a $18.00 target price on shares of Allegheny Technologies in a research report on Thursday, October 12th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Allegheny Technologies has an average rating of “Hold” and a consensus target price of $20.57.

Shares of Allegheny Technologies (NYSE ATI) opened at $22.60 on Friday. Allegheny Technologies has a fifty-two week low of $14.54 and a fifty-two week high of $26.59. The stock has a market cap of $2,372.13, a PE ratio of 155.64 and a beta of 2.38. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.68 and a quick ratio of 1.04.

Allegheny Technologies (NYSE:ATI) last announced its quarterly earnings results on Tuesday, October 24th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.07). Allegheny Technologies had a negative net margin of 2.45% and a positive return on equity of 1.09%. The company had revenue of $869.10 million for the quarter, compared to the consensus estimate of $866.94 million. During the same quarter in the prior year, the firm earned ($0.21) earnings per share. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. equities research analysts expect that Allegheny Technologies will post 0.32 EPS for the current fiscal year.

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About Allegheny Technologies

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.

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