Somewhat Positive Press Coverage Somewhat Unlikely to Affect Allegheny Technologies (ATI) Stock Price
Media headlines about Allegheny Technologies (NYSE:ATI) have trended somewhat positive this week, Accern Sentiment reports. The research firm ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Allegheny Technologies earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave news coverage about the basic materials company an impact score of 45.0703780567839 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Do technicals still doubt? Allegheny Technologies Incorporated (ATI), Neptune Technologies & Bioressources Inc … – Market Movers (financialqz.com)
- Allegheny Technologies Incorporated: Allegheny Technologies Announces Webcast of Conference Call for Fourth Quarter and Full-Year 2017 Results (twst.com)
- Hot Stock’s Highlights: Allegheny Technologies Incorporated (NYSE: ATI) – Alpha Beta Stock (alphabetastock.com)
- Your Today’s Wake-Up Call: Micron Technology, Inc. (MU), Allegheny Technologies Incorporated (ATI) – Market Movers (financialqz.com)
Shares of Allegheny Technologies (NYSE ATI) opened at $26.67 on Friday. The firm has a market capitalization of $2,900.00, a P/E ratio of -32.52 and a beta of 2.39. The company has a quick ratio of 1.04, a current ratio of 2.68 and a debt-to-equity ratio of 1.30. Allegheny Technologies has a 1-year low of $14.54 and a 1-year high of $27.19.
Allegheny Technologies (NYSE:ATI) last issued its earnings results on Tuesday, October 24th. The basic materials company reported ($0.07) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.07). The business had revenue of $869.10 million during the quarter, compared to the consensus estimate of $866.94 million. Allegheny Technologies had a positive return on equity of 1.09% and a negative net margin of 2.45%. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.21) earnings per share. equities analysts anticipate that Allegheny Technologies will post 0.32 EPS for the current year.
ATI has been the subject of a number of analyst reports. Bank of America upgraded Allegheny Technologies from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $16.00 to $24.00 in a research report on Monday, September 11th. KeyCorp restated a “hold” rating on shares of Allegheny Technologies in a research report on Thursday, November 16th. Berenberg Bank set a $17.00 price objective on Allegheny Technologies and gave the stock a “hold” rating in a research report on Thursday, October 19th. Finally, Cowen restated a “hold” rating and set a $18.00 price objective on shares of Allegheny Technologies in a research report on Thursday, October 12th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Allegheny Technologies has an average rating of “Hold” and an average price target of $21.29.
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Allegheny Technologies Company Profile
Allegheny Technologies Incorporated is a manufacturer of specialty materials and complex components. The Company operates through two business segments: High Performance Materials & Components (HPMC), and Flat Rolled Products (FRP). The HPMC segment produces, converts and distributes a range of materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, zirconium and related alloys, including hafnium and niobium, advanced powder alloys and other specialty materials, in long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, and seamless tubes, plus precision forgings, castings, components and machined parts.
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