TheStreet upgraded shares of Allegheny Technologies (NYSE:ATI) from a c+ rating to a b rating in a research report released on Friday, TheStreetRatingsTable reports.

ATI has been the subject of a number of other reports. ValuEngine raised shares of Allegheny Technologies from a sell rating to a hold rating in a report on Wednesday, October 2nd. KeyCorp reduced their price objective on shares of Allegheny Technologies from $33.00 to $28.00 and set an overweight rating for the company in a report on Monday, October 14th. Cowen reaffirmed a buy rating and set a $32.00 price objective on shares of Allegheny Technologies in a report on Monday, August 12th. Buckingham Research reduced their price objective on shares of Allegheny Technologies from $27.00 to $21.00 and set a neutral rating for the company in a report on Wednesday, September 25th. Finally, Barclays reaffirmed a buy rating and set a $31.00 price objective on shares of Allegheny Technologies in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $27.25.

Shares of NYSE:ATI traded down $0.53 during midday trading on Friday, reaching $23.05. 33,828 shares of the company’s stock were exchanged, compared to its average volume of 1,639,376. The company’s 50 day simple moving average is $21.22 and its two-hundred day simple moving average is $21.95. The firm has a market capitalization of $2.96 billion, a PE ratio of 15.28, a price-to-earnings-growth ratio of 1.32 and a beta of 2.29. Allegheny Technologies has a 12 month low of $17.03 and a 12 month high of $29.50. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.64 and a current ratio of 3.17.

Allegheny Technologies (NYSE:ATI) last released its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.45. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. Allegheny Technologies had a net margin of 5.85% and a return on equity of 7.38%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the firm earned $0.37 EPS. On average, research analysts anticipate that Allegheny Technologies will post 1.19 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the stock. UBS Asset Management Americas Inc. increased its position in shares of Allegheny Technologies by 14.3% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 151,721 shares of the basic materials company’s stock worth $3,823,000 after purchasing an additional 18,948 shares in the last quarter. OLD National Bancorp IN increased its position in Allegheny Technologies by 5.8% in the 2nd quarter. OLD National Bancorp IN now owns 22,427 shares of the basic materials company’s stock valued at $565,000 after acquiring an additional 1,232 shares in the last quarter. Advisory Services Network LLC increased its position in Allegheny Technologies by 25.6% in the 2nd quarter. Advisory Services Network LLC now owns 13,284 shares of the basic materials company’s stock valued at $335,000 after acquiring an additional 2,704 shares in the last quarter. Atria Investments LLC acquired a new stake in Allegheny Technologies in the 2nd quarter valued at about $6,890,000. Finally, Janus Henderson Group PLC acquired a new stake in Allegheny Technologies in the 2nd quarter valued at about $7,790,000.

Allegheny Technologies Company Profile

Allegheny Technologies Incorporated manufactures and sells specialty materials and components worldwide. The company operates through two segments, High Performance Materials & Components, and Flat-Rolled Products. The High Performance Materials & Components segment produces high performance materials, including titanium and titanium-based alloys; nickel-and cobalt-based alloys and superalloys; zirconium and related alloys, such as hafnium and niobium; powder alloys; and other specialty materials in long product forms of ingots, billets, bars, rods, wires, and shapes and rectangles, as well as seamless tubes, plus precision forgings, castings, components, and machined parts.

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Analyst Recommendations for Allegheny Technologies (NYSE:ATI)

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