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.
A number of analysts gave price targets for ATI. The most optimistic analyst gave a price target of 26, implying a possible profit of 37.35 percent. The lowest price target was 14.5, implying a possible loss of -23.4 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
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. Over the past 30 days, FY earnings estimates have also changed downwards by -20.09 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -21.21 percent.
Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 5 analysts that decreased their estimates. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 7 analysts decreased their estimates.
ATI has a 52-week high of 23.69 and a 52-week low of 13.15. Currently the stock is 43.95 percent higher than its 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 market cap of ATI is $2.06 billion. ATI will post this quarters earnings in days, on 0000-00-00.