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 lowest price target was 14.5, implying a possible loss of -23.4 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
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. 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.
Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 5 analysts made negative revisions. Over the same time period, 0 analysts revised their FY earnings estimates upwards, compared to 7 analysts that revised their FY estimates downwards.
In the trailing 52-weeks, ATI hit 23.69 at the highest peak, while it's lowest trading point was 13.15. The current market price is above the trailing year's low by 43.95 percent, 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 market cap of ATI is $2.06 billion. ATI's next earnings release will be on 0000-00-00, which is days away.