Media stories about Allegheny Technologies (NYSE:ATI) have been trending somewhat positive on Sunday, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Allegheny Technologies earned a coverage optimism score of 0.03 on Accern’s scale. Accern also assigned news stories about the basic materials company an impact score of 47.6507079509931 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment’s rankings:
- Comparing Allegheny Technologies (ATI) and Aqua Metals (AQMS) (americanbankingnews.com)
- ALLEGHENY TECHNOLOGIES INC : Other Events (form 8-K) (4-traders.com)
- A Well-Defined Niche: Steel-Alloy Stocks Rebound In New Era (finance.yahoo.com)
- Brokers Set Expectations for Allegheny Technologies Incorporated’s FY2017 Earnings (ATI) (americanbankingnews.com)
- Seaport Global Securities Weighs in on Allegheny Technologies Incorporated’s Q3 2018 Earnings (ATI) (americanbankingnews.com)
Shares of Allegheny Technologies (NYSE:ATI) traded up 0.12% on Friday, hitting $24.84. 1,503,604 shares of the stock were exchanged. The company has a 50-day moving average price of $23.76 and a 200-day moving average price of $19.22. The firm’s market capitalization is $2.70 billion. Allegheny Technologies has a one year low of $13.15 and a one year high of $25.51.
Allegheny Technologies (NYSE:ATI) last announced its earnings results on Tuesday, October 24th. The basic materials company reported ($0.07) EPS for the quarter, hitting the 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 negative net margin of 2.45% and a positive return on equity of 1.09%. Allegheny Technologies’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.21) EPS. Equities research analysts expect that Allegheny Technologies will post ($1.00) earnings per share for the current year.
A number of equities research analysts have issued reports on the stock. Berenberg Bank set a $17.00 price target on shares of Allegheny Technologies and gave the company a “hold” rating in a report on Thursday, October 19th. KeyCorp reaffirmed a “hold” rating on shares of Allegheny Technologies in a research report on Wednesday, October 11th. Cowen and Company reaffirmed a “hold” rating and set a $18.00 price objective on shares of Allegheny Technologies in a research report on Thursday, October 12th. Bank of America Corporation raised shares of Allegheny Technologies from an “underperform” rating to a “buy” rating and upped their price objective for the company from $16.00 to $24.00 in a research report on Monday, September 11th. Finally, Longbow Research reaffirmed a “buy” rating and set a $24.00 price objective on shares of Allegheny Technologies in a research report on Wednesday, August 23rd. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $20.57.
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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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