Allegheny Technologies (ATI) Receives Daily News Impact Rating of 0.20

Headlines about Allegheny Technologies (NYSE:ATI) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative media 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 closest to one being the most favorable. Allegheny Technologies earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave media headlines about the basic materials company an impact score of 45.5387889157985 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the media headlines that may have impacted Accern’s analysis:

Allegheny Technologies (NYSE ATI) traded up $0.34 during trading hours on Friday, reaching $23.49. The company’s stock had a trading volume of 2,780,000 shares, compared to its average volume of 2,740,000. The company has a quick ratio of 1.04, a current ratio of 2.68 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $2,560.00, a price-to-earnings ratio of 167.79 and a beta of 2.38. Allegheny Technologies has a 12-month low of $14.54 and a 12-month high of $26.59.

Allegheny Technologies (NYSE:ATI) last released its quarterly earnings data on Tuesday, October 24th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.07). The firm had revenue of $869.10 million for the quarter, compared to analyst estimates of $866.94 million. Allegheny Technologies had a positive return on equity of 1.09% and a negative net margin of 2.45%. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.21) earnings per share. equities research analysts forecast that Allegheny Technologies will post 0.32 earnings per share for the current fiscal year.

Several research firms recently issued reports on ATI. Cowen reiterated a “hold” rating and set a $23.00 target price on shares of Allegheny Technologies in a report on Tuesday, December 12th. KeyCorp reiterated a “hold” rating on shares of Allegheny Technologies in a report on Thursday, November 16th. Berenberg Bank set a $17.00 target price on Allegheny Technologies and gave the stock a “hold” rating in a report on Thursday, October 19th. Bank of America upgraded 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 note on Monday, September 11th. Finally, Longbow Research restated a “buy” rating and issued a $24.00 price objective on shares of Allegheny Technologies in a research note on Wednesday, August 23rd. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Allegheny Technologies presently has a consensus 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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