Analysts See $0.15 EPS for Allegheny Technologies Incorporated (ATI)

January 22, 2018 - By Ellis Scott

 Analysts See $0.15 EPS for Allegheny Technologies Incorporated (ATI)
Investors sentiment decreased to 0.86 in Q3 2017. Its down 0.71, from 1.57 in 2017Q2. It dived, as 28 investors sold Allegheny Technologies Incorporated shares while 87 reduced holdings. 44 funds opened positions while 55 raised stakes. 116.44 million shares or 0.85% less from 117.44 million shares in 2017Q2 were reported.
Oppenheimer & Inc reported 0.01% in Allegheny Technologies Incorporated (NYSE:ATI). 72,507 are held by Voloridge Mgmt Ltd. Citadel Advisors Ltd Llc owns 328,899 shares. 488 are held by Gemmer Asset Mgmt Llc. State Board Of Administration Of Florida Retirement System holds 0% or 75,518 shares in its portfolio. Amer Intl Gru owns 0.02% invested in Allegheny Technologies Incorporated (NYSE:ATI) for 295,643 shares. Ls Ltd reported 8,623 shares or 0.01% of all its holdings. Private Harbour Investment Management & Counsel Limited Liability Company invested in 91,500 shares. Florida-based Ws Lllp has invested 2.37% in Allegheny Technologies Incorporated (NYSE:ATI). Virginia-based Quantitative Inv Mngmt Lc has invested 0.04% in Allegheny Technologies Incorporated (NYSE:ATI). State Street Corp holds 5.43M shares or 0.01% of its portfolio. Us Retail Bank De, Minnesota-based fund reported 44,449 shares. Jpmorgan Chase And accumulated 0% or 4,210 shares. State Bank Of Montreal Can reported 0% of its portfolio in Allegheny Technologies Incorporated (NYSE:ATI). 66,036 were reported by Great West Life Assurance Com Can.

Analysts expect Allegheny Technologies Incorporated (NYSE:ATI) to report $0.15 EPS on January, 23.They anticipate $0.19 EPS change or 475.00 % from last quarter’s $-0.04 EPS. ATI’s profit would be $16.33M giving it 46.95 P/E if the $0.15 EPS is correct. After having $-0.07 EPS previously, Allegheny Technologies Incorporated’s analysts see -314.29 % EPS growth. The stock decreased 0.21% or $0.06 during the last trading session, reaching $28.17. About 1.54M shares traded. Allegheny Technologies Incorporated (NYSE:ATI) has risen 40.09% since January 22, 2017 and is uptrending. It has outperformed by 23.39% the S&P500.

Allegheny Technologies Incorporated (NYSE:ATI) Ratings Coverage

Among 13 analysts covering Allegheny Tech (NYSE:ATI), 9 have Buy rating, 0 Sell and 4 Hold. Therefore 69% are positive. Allegheny Tech has $40 highest and $7 lowest target. $20.29’s average target is -27.97% below currents $28.17 stock price. Allegheny Tech had 35 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Allegheny Technologies Incorporated (NYSE:ATI) has “Market Perform” rating given on Monday, April 4 by Cowen & Co. Rosenblatt upgraded Allegheny Technologies Incorporated (NYSE:ATI) rating on Friday, December 11. Rosenblatt has “Buy” rating and $23 target. On Tuesday, July 25 the stock rating was maintained by Cowen & Co with “Hold”. The stock of Allegheny Technologies Incorporated (NYSE:ATI) has “Neutral” rating given on Thursday, January 5 by Seaport Global. Deutsche Bank upgraded Allegheny Technologies Incorporated (NYSE:ATI) on Monday, August 29 to “Buy” rating. The firm earned “Buy” rating on Tuesday, February 9 by Buckingham Research. The firm earned “Hold” rating on Thursday, July 6 by Cowen & Co. Seaport Global initiated Allegheny Technologies Incorporated (NYSE:ATI) on Friday, September 9 with “Buy” rating. As per Wednesday, October 11, the company rating was maintained by KeyBanc Capital Markets. The rating was downgraded by Deutsche Bank on Wednesday, October 21 to “Hold”.

Allegheny Technologies Incorporated produces and sells specialty materials and components worldwide. The company has market cap of $3.07 billion. The firm operates through two divisions, High Performance Materials & Components; and Flat-Rolled Products. It currently has negative earnings. The High Performance Materials & Components segment provides various high performance materials, including titanium and titanium alloys; nickel-and cobalt alloys and superalloys; zirconium and related alloys, such as hafnium and niobium, advanced powder alloys, and other specialty materials, in long product forms of ingots, billets, bars, rods, wires, shapes and rectangles, and seamless tubes, plus precision forgings, castings, components, and machined parts.

More recent Allegheny Technologies Incorporated (NYSE:ATI) news were published by: Twst.com which released: “Allegheny Technologies Incorporated: Allegheny Technologies Announces Webcast …” on January 05, 2018. Also Fool.com published the news titled: “Allegheny Technologies Stock Upgraded: Here’s What You Need to Know” on September 11, 2017. Nasdaq.com‘s news article titled: “Why Earnings Season Could Be Great for Allegheny Technologies (ATI)” with publication date: January 19, 2018 was also an interesting one.

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