Impact of Brokerage Rating on Allegheny Technologies Incorporated(ATI)

Many Allegheny Technologies Incorporated(ATI) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Allegheny Technologies Incorporated was Downgraded by Berenberg to Sell on Feb 2, 2017. Allegheny Technologies Incorporated was Downgraded by BofA/Merrill to Underperform on Jan 20, 2017. Allegheny Technologies Incorporated was Downgraded by Seaport Global Securities on Jan 5, 2017 to Neutral, Lowers Price Target to $ 18 from a previous price target of $19 .

Company has reported several Insider transactions to the SEC, on Dec 18, 2015, Elizabeth C Powers (Senior VP, CHRO) purchased 5,000 shares at 10.43 per share price.On Oct 29, 2015, Elliot S Davis (Sr VP, GC, CCO and Secretary) purchased 2,000 shares at 14.36 per share price.On Oct 29, 2015, Richard J Harshman (CEO) purchased 17,500 shares at 14.55 per share price.

Allegheny Technologies Incorporated Last issued its quarterly earnings results on Jan 24, 2017. The company reported $-0.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.08. Analyst had a consensus of $-0.12. The company had revenue of $796.00 million for the quarter, compared to analysts expectations of $800.11 million. The companys revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.56 EPS.

Allegheny Technologies Incorporated (NYSE:ATI) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 3.14 by 7 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys. 4 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell. A sell rating was given by 1 analyst.

Allegheny Technologies Incorporated (NYSE:ATI): 6 analysts have set the short term price target of Allegheny Technologies Incorporated (NYSE:ATI) at $20. The standard deviation of short term price target has been estimated at $4.51, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 26 and $15 respectively.

Allegheny Technologies Incorporated (NYSE:ATI) witnessed a decline in the market cap on Tuesday as its shares dropped 1.19% or 0.26 points. After the session commenced at $21.69, the stock reached the higher end at $21.75 while it hit a low of $21.29. With the volume soaring to 2,340,437 shares, the last trade was called at $21.54. The company has a 52-week high of $23.69. The company has a market cap of $2,346 million and there are 108,927,240 shares in outstanding. The 52-week low of the share price is $10.56.

Allegheny Technologies Incorporated is one of the largest and most diversified producers of specialty materials in the world. The companys 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)


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