What’s Next for Allegheny Technologies Incorporated (ATI) After Today’s Huge Increase?

September 17, 2017 - By Michael Collier

Investors sentiment increased to 1.05 in 2016 Q4. Its up 0.03, from 1.02 in 2016Q3. It increased, as 35 investors sold Allegheny Technologies Incorporated shares while 63 reduced holdings. 34 funds opened positions while 69 raised stakes. 101.45 million shares or 5.00% more from 96.63 million shares in 2016Q3 were reported.
518 are held by Parkside State Bank & Trust. Nomura Asset Mngmt Ltd reported 0% stake. Archford Capital Strategies Limited Liability Corp invested in 65 shares. Metropolitan Life Ins Communications stated it has 0.02% of its portfolio in Allegheny Technologies Incorporated (NYSE:ATI). Panagora Asset Mgmt accumulated 13,626 shares. Credit Agricole S A reported 0% stake. The California-based Wells Fargo & Mn has invested 0% in Allegheny Technologies Incorporated (NYSE:ATI). Ngam Advsr Limited Partnership reported 0% stake. Van Eck Associate Corporation holds 0.02% of its portfolio in Allegheny Technologies Incorporated (NYSE:ATI) for 197,668 shares. Assetmark Inc stated it has 2,871 shares or 0% of all its holdings. Adirondack Company holds 0% of its portfolio in Allegheny Technologies Incorporated (NYSE:ATI) for 20 shares. Citigroup reported 147,347 shares or 0% of all its holdings. Royal Comml Bank Of Canada reported 1.42M shares stake. Mengis Mngmt owns 55,667 shares. First Advsr Limited Partnership reported 56,247 shares or 0% of all its holdings.

The stock of Allegheny Technologies Incorporated (NYSE:ATI) is a huge mover today! The stock increased 3.93% or $0.88 on September 15, reaching $23.26. About 3.04 million shares traded or 68.89% up from the average. Allegheny Technologies Incorporated (NYSE:ATI) has risen 40.09% since September 17, 2016 and is uptrending. It has outperformed by 23.39% the S&P500.
The move comes after 9 months positive chart setup for the $2.53B company. It was reported on Sep, 17 by Barchart.com. We have $23.96 PT which if reached, will make NYSE:ATI worth $75.90 million more.

Analysts expect Allegheny Technologies Incorporated (NYSE:ATI) to report $0.06 EPS on October, 24.They anticipate $0.27 EPS change or 128.57 % from last quarter’s $-0.21 EPS. ATI’s profit would be $6.53M giving it 96.92 P/E if the $0.06 EPS is correct. After having $0.09 EPS previously, Allegheny Technologies Incorporated’s analysts see -33.33 % EPS growth.

Allegheny Technologies Incorporated (NYSE:ATI) Ratings Coverage

Among 12 analysts covering Allegheny Tech (NYSE:ATI), 8 have Buy rating, 0 Sell and 4 Hold. Therefore 67% are positive. Allegheny Tech had 31 analyst reports since July 21, 2015 according to SRatingsIntel. Deutsche Bank downgraded the stock to “Hold” rating in Wednesday, October 21 report. The stock of Allegheny Technologies Incorporated (NYSE:ATI) earned “Buy” rating by Seaport Global on Thursday, March 16. Berenberg upgraded Allegheny Technologies Incorporated (NYSE:ATI) on Monday, April 24 to “Hold” rating. The stock has “Hold” rating by Cowen & Co on Thursday, June 29. The stock has “Sell” rating by Berenberg on Thursday, February 2. The firm earned “Buy” rating on Monday, August 29 by Deutsche Bank. The company was initiated on Friday, September 9 by Seaport Global. Bank of America downgraded the stock to “Neutral” rating in Tuesday, July 21 report. The stock of Allegheny Technologies Incorporated (NYSE:ATI) has “Hold” rating given on Thursday, July 6 by Cowen & Co. The stock of Allegheny Technologies Incorporated (NYSE:ATI) earned “Neutral” rating by Seaport Global on Thursday, January 5.

More important recent Allegheny Technologies Incorporated (NYSE:ATI) news were published by: Zacks.com which released: “Allegheny Technologies (ATI) Jumps: Stock Rises 9.7% August 23, 2017” on August 23, 2017, also Fool.com published article titled: “Why Allegheny Technologies Incorporated’s Shares Popped 11% Today”, Fool.com published: “Here’s Why Allegheny Technologies Incorporated Gained 13.3% in August” on September 08, 2017. More interesting news about Allegheny Technologies Incorporated (NYSE:ATI) was released by: Seekingalpha.com and their article: “Allegheny Technologies Inc.: Many New Positives” with publication date: July 31, 2017.

Allegheny Technologies Incorporated is a maker of specialty materials and complex components. The company has market cap of $2.53 billion. The Firm operates through two business divisions: High Performance Materials & Components , and Flat Rolled Products (FRP). It currently has negative earnings. The HPMC segment produces, converts and distributes a range of materials, including titanium and titanium alloys, nickel- and cobalt 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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