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.
ATI was given price targets by several analysts. The highest price target was 26, which equates to a potential upside of 37.35 percent. The lowest price target was 14.5, implying a possible loss of -23.4 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -30.72 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -34.5 percent. Meanwhile, fiscal year estimates have been revised downwards by -20.09 percent, compared to last month. 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 revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 7 analysts decreased their estimates.
ATI has a 52-week high of 23.69 and a 52-week 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 market cap of ATI is $2.06 billion. ATI is estimated to release their earnings results for the quarter on 0000-00-00, days from today.