Cowen Issues Price Target With 6.7% Upside On Allegheny Technologies Incorporated

Allegheny Technologies Incorporated

Technical Analysis Perspective: Windstream Holdings, Inc. (WIN), Allegheny Technologies Incorporated (ATI)

Allegheny Technologies Incorporated (NYSE:ATI) stock tumbled -1.17% to $16.94 on the closing of 04/17/2017. Allegheny Technologies's revenue for the quarter was up 7.7% compared to the same quarter previous year. The share price was last seen -0.12% lower, reaching at $16.92 on April. 18, 2017.

Allegheny Technologies Incorporated (ATI) now has P/E (Price to Earnings) ratio of 0 while the company's industry has 22.91 P/E and the sector P/E is 116.85. The analysts estimated EPS for the higher end at 0.26 and lower end at 0.08 while the year ago reported earnings per share was 0.16.

Consonance Capital Management Lp holds 13.32% of its portfolio in Clovis Oncology Inc for 2.73 million shares.

Allegheny Technologies (NYSE:ATI) last posted its quarterly earnings data on Tuesday, January 24th. This represents the Zacks consensus EPS measured at the time of writing. Allegheny Technologies had a negative net margin of 20.45% and a negative return on equity of 6.15%. The company earned $796 million during the quarter, compared to analysts' expectations of $800.11 million.

For current fiscal year, most recent EPS estimate is set at $0.66 based on Analyst consensus and three month ago consensus EPS opinions was at $0.57. The company's revenue for the quarter was up 7.7% on a year-over-year basis. Seaport Global Securities upgraded shares of Allegheny Technologies from a "neutral" rating to a "buy" rating and decreased their price objective for the stock from $24.00 to $22.00 in a research report on Thursday, March 16th. Finally, Deutsche Bank AG downgraded shares of Allegheny Technologies from a "buy" rating to a "hold" rating and reduced their price target for the stock from $20.00 to $17.00 in a research note on Wednesday, October 26th. They now have a $16.00 price target on the stock. It has been assigned a low target price of $16 and a high target price of $26. Out of 12 Wall Street analysts rating Clovis Oncology, 8 give it "Buy", 1 "Sell" rating, while 3 recommend "Hold".

2/2/2017-Berenberg Bank was Downgraded by analysts at Berenberg Bank from a "Hold " rating to a " Sell" rating.

Allegheny Technologies Incorporated (NYSE:ATI) has insider ownership of 1.45% and institutional ownership of 97.20%. The company's stock had a trading volume of 2,228,906 shares. (NYSE:CAG) stock went up with a prior 52-week high of $41.68.During the session shares traded on below-average volume. In order to determine directional movement, the 50-day and 200-day moving averages for Windstream Holdings, Inc. The company has market cap of $4.85 billion. If you are reading this piece of content on another website, it was illegally copied and republished in violation of United States and worldwide trademark & copyright laws. If you are reading this piece on another website, it was illegally copied and reposted in violation of USA & worldwide copyright laws. The correct version of this article can be read at https://www.thecerbatgem.com/2017/04/19/allegheny-technologies-incorporated-ati-pt-raised-to-18-00.html.

Several other research firms have also recently weighed in on ATI. LS Investment Advisors LLC boosted its position in shares of Allegheny Technologies by 7.7% in the third quarter. NY now owns 34,475 shares of the basic materials company's stock valued at $623,000 after buying an additional 375 shares during the period. Stock rose 1.74% over the trailing 6 months. The company's 5 year Earnings per share growth and Capital Spending growth remains at 0 and -6.18. River Wealth Advisors LLC now owns 132,189 shares of the basic materials company's stock worth $2,389,000 after buying an additional 3,674 shares during the period.

Allegheny Technologies Inc. (ATI) is now showing its ROA (Return on Assets) of -11.7%. Aperio Group LLC now owns 48,315 shares of the basic materials company's stock worth $873,000 after buying an additional 1,402 shares during the period. LLC increased its stake in shares of Allegheny Technologies by 24.0% in the fourth quarter.

Allegheny Technologies Incorporated (ATI) reported sales (ttm) of 3.13 Billion, whereas, 7 number of analysts estimated the mean sale of 876.1 million.

Latest News