Highly Traded Stock: Allegheny Technologies Inc. (NYSE:ATI)

Allegheny Technologies Inc. (NYSE:ATI) belonging to the Basic Materials sector which declined -1.66% and closed its last trading session at $17.77.

The company reported its last EPS on 6/30/2016 and is expected to report its next EPS on 10/18/2016. Currently, the stock has a 1 Year Price Target of $19.56.

The consensus recommendation, according to Zacks Investment research, is 2.14. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. The Stock had a 1.8 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 2.67 and 2.71 respectively.

Allegheny Technologies Inc. on 6/30/2016 reported its EPS as $-0.21 with the analysts projecting the EPS of the stock as $-0.37. The company beat the analyst EPS Estimate with the difference of $0.16. This shows a surprise factor of 43.2%.

Many analysts have provided their estimated foresights on Allegheny Technologies Inc. Earnings, with 7 analysts believing the company would generate an Average Estimate of $-0.1. Whereas they predicted High and Low Earnings Estimate as $-0.01 and $-0.16 respectively. While in the same Quarter Previous year, the Actual EPS was $-0.29.

Analysts are also projecting an Average Revenue Estimate for Allegheny Technologies Inc. as $809.17 Million in the Current Quarter. This estimate is provided by 7 analysts. The High Revenue estimate is predicted as 846.5 Million, while the Low Revenue Estimate prediction stands at 758.9 Million. The company’s last year sales total was 832.7 Million.

For the Current Quarter, the growth estimate for Allegheny Technologies Inc. is 65.5%, while for the Next Quarter the stock growth estimate is 105.4%. In the past 5 years, the stock showed growth of -42.42% per annum. While for the next 5 years, the growth estimate is 15%.

The Company got Initiated by Seaport Global Securities on 9-Sep-16 to Buy.

Insider Trades for Allegheny Technologies Inc. show that the latest trade was made on 9 May 2016 where Turner (John D), the Director completed a transaction type “Buy” in which 6890 shares were traded at a price of $0.

Over the period of 6 months, Insider Purchases show a total of 4 transaction in which 44350 shares were traded.

7 analysts projected Price Targets for Allegheny Technologies Inc. The analysts believe that the company stock price could grow as high as $26. The Low Price target projection by analysts is $13.9 and the Mean Price Target is $19.56.

Allegheny Technologies Inc. (NYSE:ATI) has the market capitalization of $1.91 Billion. The company rocked its 52-Week High of $19.1 on Oct 9, 2015 and touched its 52-Week Low of $7.08 on Jan 20, 2016. The stock has Return on Assets (ROA) of -8.4 percent. Return on Equity (ROE) stands at -23.3% and Return on Investment (ROI) of -7.2 percent.

The stock is currently showing YTD performance of 60.54 Percent. The company has Beta Value of 2.22 and ATR value of 0.72. The Weekly and Monthly Volatility stands at 3.47% and 3.88%.

Company profile:

Allegheny Technologies Incorporated is one of the largest and most diversified producers of specialty materials in the world.  The company’s talented people use innovative technologies to offer growing global markets a wide range of specialty materials including stainless steel, nickel-based and cobalt-based alloys and superalloys, titanium and titanium alloys, specialty steel alloys, zirconium and related alloys, and tungsten-based specialty materials.  The goal is to be the low cost, high quality supplier to global markets.  (PRESS RELEASE)