Allegheny Technologies (ATI) Earning Somewhat Favorable News Coverage, Study Shows
News headlines about Allegheny Technologies (NYSE:ATI) have been trending somewhat positive on Tuesday, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Allegheny Technologies earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave news stories about the basic materials company an impact score of 45.5170591685952 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 media headlines that may have effected Accern’s analysis:
- Incyte Corporation (INCY), Allegheny Technologies Incorporated (ATI) — Stocks Trend Prediction – ExpressNewsline (expressnewsline.com)
- Allegheny Technologies (ATI) Set to Announce Earnings on Tuesday (americanbankingnews.com)
- Allegheny Technologies Incorporated (ATI) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
- Allegheny Technologies (ATI) Downgraded by Zacks Investment Research to Sell (americanbankingnews.com)
- Stocks Trend Prediction: Incyte Corporation (INCY), Allegheny Technologies Incorporated (ATI) – Market Movers (financialqz.com)
Allegheny Technologies (NYSE ATI) traded down $0.97 during trading hours on Tuesday, reaching $27.73. The company had a trading volume of 2,752,700 shares, compared to its average volume of 2,520,490. The firm has a market capitalization of $3,070.00, a price-to-earnings ratio of -33.82 and a beta of 2.39. Allegheny Technologies has a 1 year low of $14.54 and a 1 year high of $29.39. The company has a current ratio of 2.68, a quick ratio of 1.04 and a debt-to-equity ratio of 1.30.
A number of research analysts recently issued reports on ATI shares. Cowen reaffirmed a “hold” rating and set a $18.00 target price on shares of Allegheny Technologies in a report on Thursday, October 12th. KeyCorp reaffirmed a “hold” rating on shares of Allegheny Technologies in a report on Wednesday, October 11th. Berenberg Bank set a $17.00 target price on Allegheny Technologies and gave the stock a “hold” rating in a report on Thursday, October 19th. Finally, Zacks Investment Research lowered Allegheny Technologies from a “hold” rating to a “sell” rating in a report on Monday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Allegheny Technologies has an average rating of “Hold” and a consensus target price of $21.29.
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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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