Somewhat Positive Media Coverage Somewhat Unlikely to Impact Allegheny Technologies (NYSE:ATI) Share Price

Press coverage about Allegheny Technologies (NYSE:ATI) has been trending somewhat positive on Saturday, Accern reports. The research group scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Allegheny Technologies earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 44.8146936041431 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:

A number of equities research analysts have weighed in on the stock. Cowen raised shares of Allegheny Technologies from a “market perform” rating to an “outperform” rating in a research report on Monday, January 8th. Berenberg Bank set a $17.00 target price on shares of Allegheny Technologies and gave the stock a “hold” rating in a report on Thursday, October 19th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Allegheny Technologies in a report on Wednesday, October 11th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $21.29.

Shares of Allegheny Technologies (ATI) traded down $0.44 during midday trading on Friday, hitting $28.70. 3,446,439 shares of the stock traded hands, compared to its average volume of 1,690,715. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.68 and a quick ratio of 1.04. The stock has a market cap of $3,172.27, a PE ratio of -36.79 and a beta of 2.39. Allegheny Technologies has a 52-week low of $14.54 and a 52-week high of $29.39.

Allegheny Technologies (NYSE:ATI) last posted its quarterly earnings data on Tuesday, October 24th. The basic materials company reported ($0.07) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.07). The company had revenue of $869.10 million for the quarter, compared to analyst estimates of $866.94 million. Allegheny Technologies had a negative net margin of 2.45% and a positive return on equity of 1.09%. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.21) EPS. equities analysts forecast that Allegheny Technologies will post 0.32 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This article was posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be viewed at https://www.thelincolnianonline.com/2018/01/13/allegheny-technologies-ati-getting-somewhat-positive-media-coverage-report-finds-updated-updated.html.

About Allegheny Technologies

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.

Insider Buying and Selling by Quarter for Allegheny Technologies (NYSE:ATI)

Receive News & Ratings for Allegheny Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allegheny Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply