Allegheny Technologies Incorporated Rating Increased to Buy at CRT Capital (ATI)

By admin | 6 years ago

Allegheny Technologies Incorporated (NYSE: ATI) was upgraded by analysts at CRT Capital from a “fair value” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

ATI has been the subject of a number of other recent research reports. Analysts at Auriga reiterated a “buy” rating on shares of Allegheny Technologies Incorporated in a research note to investors on Thursday, April 26th. Separately, analysts at Citigroup (NYSE: C) upgraded shares of Allegheny Technologies Incorporated from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, April 26th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Allegheny Technologies Incorporated in a research note to investors on Thursday, April 19th. They now have a $43.00 price target on the stock.

Allegheny Technologies Incorporated traded down 1.50% on Tuesday, hitting $34.09. Allegheny Technologies Incorporated has a 1-year low of $30.79 and a 1-year high of $67.88. The company has a market cap of $3.651 billion and a price-to-earnings ratio of 17.90.

Allegheny Technologies Incorporated last announced its earnings results on Wednesday, April 25th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.09. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, analysts predict that Allegheny Technologies Incorporated will post $0.77 earnings per share next quarter.

Allegheny Technologies Incorporated (ATI) is a diversified specialty metals producer. The Company’s products include titanium and titanium alloys, nickel-based alloys and superalloys, zirconium, hafnium and niobium, advanced powder alloys, stainless and specialty steel alloys, grain-oriented electrical steel, tungsten-based materials and cutting tools, carbon alloy impression die forgings, and large grey and ductile iron castings.

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