Highly Traded Stock: Allegheny Technologies Incorporated (NYSE:ATI)

earning reaction history

Allegheny Technologies Incorporated (NYSE:ATI)

Buckingham Maintains Allegheny Technologies Incorporated (NYSE:ATI)’s stock to Buy with the price target of $43. This rating was issued on 8/08/18. The stock recently closed its previous session at $26.99 by showing a percentage change of -2.35% from its previous day closing price of $27.64.

Price Target is basically a projection of future price of a company’s stock by the expert analysis of investment analysts or investment firms. There may be various price targets for a stock. These analysts and investment firms use various valuation methods to decide a price target for a stock.

Several investment firms issued their expert ratings on Allegheny Technologies Incorporated (NYSE:ATI) in which Barclays Maintains Allegheny Technologies Incorporated (NYSE:ATI) to Overweight by settling a price target of $39 on 7/30/18. KeyBanc Maintains the stock to Overweight on 7/26/18 by stationing a price target of $32. Bank of America Maintains the company’s stock to Buy on 7/25/18 by setting a price target of $34. Stephens & Co. Initiates Coverage On Allegheny Technologies Incorporated (NYSE:ATI) to Overweight with no specific Price Target.

Allegheny Technologies Incorporated (NYSE:ATI) currently has a consensus Price Target of $34.1. While some analysts have a High Price target for the stock of $43 and a Low Price Target of $28.

Several sell side analysts reviewed their recommendations on Allegheny Technologies Incorporated (NYSE:ATI) where 2 analyst have rated the stock as Strong Buy, 4 analysts said it’s a Buy, 3 rated the stock as Hold, 1 analysts reported Underperform and 0 analysts gave their recommendations as Sell. (Current Month Yahoo Finance Ratings)

Zacks Investment Research also rated the stock with a value of 1.89. This scale runs from 1 to 5 where 1 represents Strong Buy and 5 represents Sell.

In the last Quarter, Allegheny Technologies Incorporated (NYSE:ATI) reported its Actual EPS of $0.52/share. The analysts offering Earnings Estimates for the company were believing that Allegheny Technologies Incorporated (NYSE:ATI) could bring EPS of $0.36/share. The difference between Actual EPS and Estimated EPS was 0.16 Percent. Thus the company showed an Earnings Surprise of 44.4 Percent.

Allegheny Technologies Incorporated (NYSE:ATI) has a market capitalization of 3.39 Billion. The stock traded with the volume of 1.66 Million shares in the last trading session. The stock touched its high share price of $30.25 on 01/23/18 and the stock also touched its Lowest price in the last 52-weeks of trading on 11/15/17 as $21.01. The company has a 1 Year high price target of $34.89. The stock is currently trading with a distance of 20-Day Simple Moving Average (SMA20) of -5.13%. The Moving Average SMA50 is -0.71% while SMA200 is 0.17%.

Allegheny Technologies Incorporated (NYSE:ATI) is currently showing its ROA (Return on Assets) of 0.2%. The Return on Investment (ROI) is at 1.4% while it’s Return on Equity (ROE) value stands at 0.7%. The stock currently shows its YTD (Year to Date) performance of 11.81 percent while its Weekly performance value is -4.46%. The Monthly and Yearly performances are 6.43 percent and 12.27 percent respectively. The Relative Volume value measured for Allegheny Technologies Incorporated (NYSE:ATI) is 1.09. The Average Volume (3 months) is 1.53 Million.

The stock currently has its Annual Dividend of $0 and an annual Dividend Yield of 0 Percent. ATI has P/E (Price to Earnings ttm) value of 0, Forward P/E of 12.12, P/C (Price to cash per share) of 0 and Price to Free Cash Flow (P/FCF) value of 691.05. The stock is showing its Operating Margin of 3.6 percent.

Company Profile:

Allegheny Technologies Inc. is a global manufacturer of technically advanced specialty materials and complex components. Allegheny Technologies largest market is aerospace & defense, particularly jet engines. Allegheny Technologies also have a strong presence in the oil & gas, electrical energy, medical, automotive, and other industrial markets. ATI is a market leader in manufacturing differentiated specialty alloys and forgings that require our unique manufacturing and precision machining capabilities and innovative new product development competence. ATI produces nickel-based alloys and superalloys, titanium alloys, specialty alloys, stainless steels, and zirconium and other related alloys in many mill product forms. ATI also are a leader in producing nickel-based alloy and titanium-based alloy powders for use in next-generation jet engine forgings and 3D-printed products.