Allegheny Technologies Incorporated (ATI) is a part of Industrial Goods sector and belongs to Metal Fabrication industry. The analysts estimated sales for the higher end at 944 million and lower end at 829 million while the year ago reported sale was 843.03 million. Longbow Research began coverage on Allegheny Technologies in a research report on Tuesday, March 21st. KeyCorp analyst P. Gibbs forecasts that the basic materials company will post earnings of $0.12 per share for the quarter.
Several sell side analysts reviewed their recommendations on Allegheny Technologies Inc. Quantitative Investment Ltd Limited Liability Company accumulated 66,500 shares or 0.03% of the stock.
Allegheny Technologies Inc. (ATI) is now showing its ROA (Return on Assets) of -11.7%. The company had revenue of $796 million for the quarter, compared to analysts' expectations of $800.11 million. During the same period in the previous year, the company earned ($0.56) EPS. The company's revenue for the quarter was up 7.7% on a year-over-year basis.
ILLEGAL ACTIVITY WARNING: "FY2017 EPS Estimates for Allegheny Technologies Incorporated (ATI) Decreased by KeyCorp" was reported by The Cerbat Gem and is owned by of The Cerbat Gem. Seaport Global upgraded Allegheny Technologies Incorporated (NYSE:ATI) on Thursday, March 16 to "Buy" rating. Bank of America Corp cut shares of Allegheny Technologies from a "buy" rating to an "underperform" rating and set a $16.00 price objective on the stock.in a report on Friday, January 20th. There may be various price targets for a stock. Seaport Global Securities downgraded shares of Allegheny Technologies from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $19.00 to $18.00 in a research note on Thursday, January 5th.
Allegheny Technologies Incorporated's (ATI) witnessed a loss of -0.12% in recent trading period with closing price of $ 16.92. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company's stock. Allegheny Technologies presently has an average rating of "Hold" and a consensus target price of $20.39.
Hedge funds and other institutional investors own 97.20% of the company's stock. Nisa Investment Advisors LLC now owns 6,380 shares of the basic materials company's stock valued at $115,000 after buying an additional 2,480 shares in the last quarter.
Van Den Berg Management I Inc increased Allegheny Technologies Inc (ATI) stake by 5.27% reported in 2016Q4 SEC filing. (ATI)'s stock to Buy with the price target of $24. Blenheim Capital Management BV bought a new stake in shares of Allegheny Technologies during the fourth quarter worth $989,000. Bank of Montreal Can now owns 8,341 shares of the company's stock worth $150,000 after buying an additional 2,522 shares during the period. Advisor Partners LLC purchased a new stake in shares of Allegheny Technologies during the second quarter worth $130,000. First Trust Advisors LP now owns 72,583 shares of the basic materials company's stock worth $1,312,000 after buying an additional 33,035 shares during the period.
On 5/6/2016 Allegheny Technologies Incorporated announced a quarterly dividend of $0.08 2.26% with an ex dividend date of 5/25/2016 which will be payable on 6/9/2016. If you are reading this news story on another site, it was illegally stolen and reposted in violation of United States and worldwide copyright laws. The original version of this piece of content can be accessed at https://www.chaffeybreeze.com/2017/04/17/allegheny-technologies-ati-market-perform-rating-reaffirmed-at-cowen-and-company.html.
Shares of Allegheny Technologies (NYSE:ATI) opened at 17.43 on Thursday. The company has market cap of $2.45 billion.
The companies 50 day moving average is 17.9 and its 200 day moving average is 17.7. Allegheny Technologies Incorporated has a 52 week low of $10.93 and a 52 week high of $23.69.
Allegheny Technologies Incorporated (ATI) have shown a high EPS growth of -39.00% in the last 5 years and has earnings decline of -69.60% yoy. The Company operates through two business segments: High Performance Materials & Components and Flat Rolled Products.