Buckingham Research upgraded shares of Allegheny Technologies (NYSE:ATI) from a neutral rating to a buy rating in a research note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm currently has $40.00 price target on the stock, up from their previous price target of $27.00.
A number of other firms have also recently commented on ATI. Analysts at Credit Suisse raised their price target on shares of Allegheny Technologies from $27.00 to $34.00 in a research note to investors on Thursday, October 24th. They now have a neutral rating on the stock. Separately, analysts at Sterne Agee initiated coverage on shares of Allegheny Technologies in a research note to investors on Wednesday, October 16th. They set an underperform rating and a $32.03 price target on the stock. Finally, analysts at Zacks upgraded shares of Allegheny Technologies from an underperform rating to a neutral rating in a research note to investors on Wednesday, October 9th. They now have a $32.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $31.55.
Shares of Allegheny Technologies (NYSE:ATI) traded down 1.18% on Monday, hitting $33.42. 310,332 shares of the company’s stock traded hands. Allegheny Technologies has a 1-year low of $25.60 and a 1-year high of $34.49. The stock’s 50-day moving average is $33.34 and its 200-day moving average is $29.55. The company’s market cap is $3.609 billion.
Allegheny Technologies (NYSE:ATI) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.27) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.30) by $0.03. The company had revenue of $972.00 million for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was down 14.1% on a year-over-year basis. On average, analysts predict that Allegheny Technologies will post $-0.33 earnings per share for the current fiscal year.
Allegheny Technologies Incorporated (NYSE:ATI) is a diversified specialty metals producer.
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