Allegheny Technologies (ATI) Given News Sentiment Rating of 0.17

News coverage about Allegheny Technologies (NYSE:ATI) has trended somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Allegheny Technologies earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media coverage about the basic materials company an impact score of 45.1481536043235 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the headlines that may have impacted Accern Sentiment’s analysis:

Shares of Allegheny Technologies (NYSE:ATI) traded up $0.06 during midday trading on Monday, hitting $24.62. The company had a trading volume of 736,657 shares, compared to its average volume of 2,347,130. The company has a market cap of $2,690.00, a PE ratio of -30.02 and a beta of 2.38. The company has a current ratio of 2.68, a quick ratio of 1.04 and a debt-to-equity ratio of 1.30. Allegheny Technologies has a 1-year low of $14.54 and a 1-year high of $26.59.

Allegheny Technologies (NYSE:ATI) last announced its earnings results on Tuesday, October 24th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.07). The firm had revenue of $869.10 million during the quarter, compared to analysts’ expectations of $866.94 million. Allegheny Technologies had a negative return on equity of 35.21% and a negative net margin of 13.74%. The company’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.21) earnings per share. analysts predict that Allegheny Technologies will post 0.32 EPS for the current fiscal year.

Several equities research analysts recently commented on the company. Cowen reissued a “hold” rating and issued a $23.00 price target on shares of Allegheny Technologies in a research note on Tuesday, December 12th. Berenberg Bank set a $17.00 price target on Allegheny Technologies and gave the company a “hold” rating in a research note on Thursday, October 19th. KeyCorp reissued a “hold” rating on shares of Allegheny Technologies in a research note on Wednesday, October 11th. Finally, Bank of America raised Allegheny Technologies from an “underperform” rating to a “buy” rating and boosted their price target for the company from $16.00 to $24.00 in a research note on Monday, September 11th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $21.29.

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About Allegheny Technologies

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.

Insider Buying and Selling by Quarter for Allegheny Technologies (NYSE:ATI)

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