Analyst Ratings for Allegheny Technologies Inc. (ATI)Updated: 2017-07-29
Allegheny Technologies Inc. (NYSE:ATI) was awarded an average rating of Overweight from investment analysts following the stock. ATI had previously received a consensus rating of Overweight a month ago.
11 analysts issued ratings on the stock, where 4 gave ATI a buy rating, 1 gave an overweight rating, 4 issued a hold rating, 1 gave an underweight rating, and 1 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 1. During this time, the number of analysts bearish on the stock has increased by 0.
Many analysts weighed in on price targets for ATI. The highest price target was 26, implying a possible profit of 37.35 percent. The minimum price target given was 14.5, implying a possible loss of -23.4 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -30.72 percent. The average change in earnings estimates over the last 90 days is -34.5 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -20.09 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -21.21 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 0 analysts increased their quarterly estimates, while 5 analysts revised their estimates downwards. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 7 analysts made negative revisions to their fiscal year's estimates.
In the last 52-weeks, ATI has achieved a high of 23.69 and a low of 13.15. Today's price is 43.95 percent above the 52-week low, and 20.09 percent lower than its 52-week high. ATI has a price/earnings ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The ATI value stock report compares ATI to some of its peers using value stock charts. The stock has a market capitalization of $2.06 billion. ATI is estimated to release their earnings results for the quarter on 0000-00-00, days from today.