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.

Several price targets were given for ATI by the analysts covering the stock. The maximum price target given was 26, implying potential capital gains of 37.35 percent. The most pessimistic price target 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. Over the past 30 days, FY earnings estimates have also changed downwards by -20.09 percent. If we look at the last 90 days instead, we find a net average change of -21.21 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, while 5 analysts made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 7 analysts made negative revisions to their fiscal year's estimates.

ATI has traded between a high of 23.69 and a low of 13.15 over the past year. Currently the stock is 43.95 percent higher than its low, and below the high by 20.09 percent. ATI has a P/E 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's next earnings release will be on 0000-00-00, which is days away.