News stories about Allegheny Technologies (NYSE:ATI) have been trending somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Allegheny Technologies earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news coverage about the basic materials company an impact score of 47.2731107306871 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
Allegheny Technologies (NYSE:ATI) opened at $26.60 on Tuesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.04 and a current ratio of 2.69. The stock has a market cap of $3,402.90, a PE ratio of -30.93 and a beta of 2.37. Allegheny Technologies has a one year low of $14.54 and a one year high of $30.25.
Allegheny Technologies (NYSE:ATI) last posted its earnings results on Tuesday, January 23rd. The basic materials company reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.12. The business had revenue of $909.90 million for the quarter, compared to analysts’ expectations of $898.22 million. Allegheny Technologies had a negative net margin of 2.61% and a positive return on equity of 3.47%. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.04) EPS. equities research analysts forecast that Allegheny Technologies will post 1.26 earnings per share for the current fiscal year.
Several brokerages recently commented on ATI. JPMorgan Chase & Co. increased their price objective on shares of Allegheny Technologies from $18.00 to $25.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Bank of America reissued a “neutral” rating and set a $32.00 price objective on shares of Allegheny Technologies in a research report on Wednesday, January 24th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Allegheny Technologies from a “hold” rating to a “sell” rating in a research report on Monday, January 15th. Buckingham Research increased their price objective on shares of Allegheny Technologies from $30.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Finally, Cowen reissued a “buy” rating and set a $32.00 price objective on shares of Allegheny Technologies in a research report on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. Allegheny Technologies presently has an average rating of “Hold” and a consensus target price of $27.63.
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Allegheny Technologies Company Profile
Allegheny Technologies Incorporated is a manufacturer of specialty materials and complex components. The Company operates through two business segments: High Performance Materials & Components (HPMC), and Flat Rolled Products (FRP). The HPMC segment produces, converts and distributes a range of materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, zirconium and related alloys, including hafnium and niobium, advanced powder alloys and other specialty materials, in long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, and seamless tubes, plus precision forgings, castings, components and machined parts.
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