News headlines about Allegheny Technologies (NYSE:ATI) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Allegheny Technologies earned a news impact score of 0.23 on Accern’s scale. Accern also assigned media coverage about the basic materials company an impact score of 45.7884586711481 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern’s scoring:
- Allegheny Technologies Goes 2 for 2: Upgrade and Strong Chart (finance.yahoo.com)
- Allegheny Technologies Incorporated (ATI)- Stocks Sparking Bullish Stampede across Wall Street – NASDAQ Times (nasdaqtimes.com)
- Technical Facts to Know Allegheny Technologies Incorporated (ATI) moves 69.66% away from One Year Low – Voice Of Analysts (analystsbuzz.com)
- Allegheny Technologies Incorporated (ATI) Receives Average Rating of “Hold” from Brokerages (americanbankingnews.com)
- Allegheny Technologies Incorporated (NYSE:ATI) – Do Analysts Think You Should Buy – The Investor Guide (wallstreetnews24.com)
Allegheny Technologies (NYSE ATI) opened at 23.26 on Friday. Allegheny Technologies has a 12-month low of $13.15 and a 12-month high of $23.69. The company’s market capitalization is $2.53 billion. The stock has a 50 day moving average of $19.87 and a 200-day moving average of $17.89.
Allegheny Technologies (NYSE:ATI) last posted its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.07 by $0.02. Allegheny Technologies had a positive return on equity of 0.08% and a negative net margin of 14.89%. The business had revenue of $880.20 million for the quarter, compared to analyst estimates of $874.95 million. During the same quarter in the previous year, the firm earned ($0.21) EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities analysts expect that Allegheny Technologies will post ($1.00) earnings per share for the current year.
Several equities research analysts have recently weighed in on the stock. J P Morgan Chase & Co raised shares of Allegheny Technologies from an “underweight” rating to a “neutral” rating and increased their target price for the company from $14.50 to $19.00 in a research note on Wednesday, July 26th. BidaskClub downgraded shares of Allegheny Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Zacks Investment Research raised shares of Allegheny Technologies from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Bank of America Corporation raised shares of Allegheny Technologies from an “underperform” rating to a “buy” rating and increased their target price for the company from $16.00 to $24.00 in a research note on Monday, September 11th. Finally, Longbow Research reissued a “buy” rating and issued a $24.00 target price on shares of Allegheny Technologies in a research note on Wednesday, August 23rd. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $20.65.
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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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