Media stories about Allegheny Technologies (NYSE:ATI) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Allegheny Technologies earned a media sentiment score of 0.02 on Accern’s scale. Accern also gave press coverage about the basic materials company an impact score of 47.7354858546773 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- ATI joint venture to boost work at Harrison facility, reopen Midland – Tribune-Review (triblive.com)
- Allegheny Technologies (ATI) and Aqua Metals (AQMS) Head to Head Review (americanbankingnews.com)
- Allegheny Technologies (ATI) And Tsingshan To Form Joint Venture – Slideshow (seekingalpha.com)
- ETFs with exposure to Allegheny Technologies, Inc. : November 3, 2017 (finance.yahoo.com)
- It may surprise you: Community Health Systems, Inc., (NYSE: CYH), Allegheny Technologies Incorporated, (NYSE: ATI … – Stocks In The News (press release) (tradingnewsnow.com)
Shares of Allegheny Technologies (NYSE:ATI) opened at $25.78 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.04 and a current ratio of 2.68. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 183.36, a PEG ratio of 4.86 and a beta of 2.44.
Allegheny Technologies (NYSE:ATI) last posted 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 company had revenue of $869.10 million during the quarter, compared to analyst estimates 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 for the quarter was up 12.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.21) earnings per share. analysts expect that Allegheny Technologies will post 0.35 EPS for the current fiscal year.
ATI has been the topic of several research analyst reports. Bank of America Corporation raised shares of Allegheny Technologies from an “underperform” rating to a “buy” rating and upped their price target for the stock from $16.00 to $24.00 in a report on Monday, September 11th. Longbow Research reiterated a “buy” rating and issued a $24.00 target price on shares of Allegheny Technologies in a research report on Wednesday, August 23rd. Zacks Investment Research upgraded shares of Allegheny Technologies from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. BidaskClub upgraded shares of Allegheny Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, Berenberg Bank set a $17.00 price target on shares of Allegheny Technologies and gave the company a “hold” rating in a research report on Thursday, October 19th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price 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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