What’s Ahead for Allegheny Technologies Incorporated (ATI) After Today’s Big Increase?

September 17, 2017 - By Migdalia James

Investors sentiment increased to 1.05 in 2016 Q4. Its up 0.03, from 1.02 in 2016Q3. It increased, as 35 investors sold Allegheny Technologies Incorporated shares while 63 reduced holdings. 34 funds opened positions while 69 raised stakes. 101.45 million shares or 5.00% more from 96.63 million shares in 2016Q3 were reported.
Deutsche Financial Bank Ag has 909,115 shares for 0.01% of their portfolio. Pioneer Invest Management holds 0.01% of its portfolio in Allegheny Technologies Incorporated (NYSE:ATI) for 224,671 shares. Pinnacle Assoc Limited accumulated 10,115 shares or 0% of the stock. Guggenheim Cap Ltd Com accumulated 56,232 shares. D E Shaw And Communication invested 0.02% in Allegheny Technologies Incorporated (NYSE:ATI). Adage Capital Partners Limited Liability has invested 0.01% in Allegheny Technologies Incorporated (NYSE:ATI). Federated Invsts Pa has 0% invested in Allegheny Technologies Incorporated (NYSE:ATI) for 32,074 shares. Aqr Capital Mgmt Ltd Liability Co stated it has 17,933 shares or 0% of all its holdings. Valley National Advisers Inc reported 35 shares. Qs Investors Limited Company accumulated 0% or 48 shares. Regions Fin Corp has invested 0.01% in Allegheny Technologies Incorporated (NYSE:ATI). Us Bank De has invested 0% in Allegheny Technologies Incorporated (NYSE:ATI). State Teachers Retirement System reported 188,618 shares. Winfield Associate reported 120 shares. Arizona State Retirement Sys holds 0.01% in Allegheny Technologies Incorporated (NYSE:ATI) or 48,647 shares.

The stock of Allegheny Technologies Incorporated (NYSE:ATI) is a huge mover today! The stock increased 3.93% or $0.88 on September 15, reaching $23.26. About 3.04 million shares traded or 68.89% up from the average. Allegheny Technologies Incorporated (NYSE:ATI) has risen 40.09% since September 17, 2016 and is uptrending. It has outperformed by 23.39% the S&P500.
The move comes after 9 months positive chart setup for the $2.53B company. It was reported on Sep, 17 by Barchart.com. We have $23.96 PT which if reached, will make NYSE:ATI worth $75.90 million more.

Wall Street await Allegheny Technologies Incorporated (NYSE:ATI) to release earnings on October, 24. Analysts forecast earnings per share of $0.06, up exactly $0.27 or 128.57 % from 2014’s $-0.21 EPS. The expected ATI’s profit could reach $6.53M giving the stock 96.92 P/E in the case that $0.06 earnings per share is reported. After posting $0.09 EPS for the previous quarter, Allegheny Technologies Incorporated’s analysts now forecast -33.33 % negative EPS growth.

Allegheny Technologies Incorporated (NYSE:ATI) Ratings Coverage

Among 12 analysts covering Allegheny Tech (NYSE:ATI), 8 have Buy rating, 0 Sell and 4 Hold. Therefore 67% are positive. Allegheny Tech had 31 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was upgraded by J.P. Morgan to “Hold” on Wednesday, July 26. Deutsche Bank upgraded the stock to “Buy” rating in Monday, August 29 report. The rating was maintained by Cowen & Co with “Hold” on Tuesday, July 25. The stock of Allegheny Technologies Incorporated (NYSE:ATI) earned “Hold” rating by Cowen & Co on Thursday, July 6. The stock of Allegheny Technologies Incorporated (NYSE:ATI) earned “Buy” rating by Stifel Nicolaus on Thursday, October 1. Rosenblatt maintained the shares of ATI in report on Thursday, February 11 with “Buy” rating. As per Wednesday, October 21, the company rating was downgraded by Deutsche Bank. The company was upgraded on Wednesday, July 26 by JP Morgan. Bank of America downgraded Allegheny Technologies Incorporated (NYSE:ATI) on Friday, January 20 to “Underperform” rating. The stock of Allegheny Technologies Incorporated (NYSE:ATI) has “Hold” rating given on Thursday, June 29 by Cowen & Co.

More important recent Allegheny Technologies Incorporated (NYSE:ATI) news were published by: Fool.com which released: “Why Allegheny Technologies Incorporated’s Shares Popped 11% Today” on August 22, 2017, also Zacks.com published article titled: “Allegheny Technologies (ATI) Jumps: Stock Rises 9.7% August 23, 2017”, Seekingalpha.com published: “Allegheny Technologies Inc.: Many New Positives” on July 31, 2017. More interesting news about Allegheny Technologies Incorporated (NYSE:ATI) was released by: Fool.com and their article: “Here’s Why Allegheny Technologies Incorporated Gained 13.3% in August” with publication date: September 08, 2017.

Allegheny Technologies Incorporated is a maker of specialty materials and complex components. The company has market cap of $2.53 billion. The Firm operates through two business divisions: High Performance Materials & Components , and Flat Rolled Products (FRP). It currently has negative earnings. The HPMC segment produces, converts and distributes a range of materials, including titanium and titanium alloys, nickel- and cobalt 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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