Allegheny Technologies Incorporated (NYSE:ATI) has been assigned an average recommendation of “Buy” from the thirteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $33.88.

Several analysts have recently commented on ATI shares. ValuEngine upgraded shares of Allegheny Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Macquarie initiated coverage on shares of Allegheny Technologies in a research note on Thursday, February 14th. They set an “outperform” rating and a $27.84 target price for the company. Buckingham Research set a $45.00 target price on shares of Allegheny Technologies and gave the company a “buy” rating in a research note on Monday. Finally, Zacks Investment Research raised shares of Allegheny Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday.

In other Allegheny Technologies news, insider Richard J. Harshman sold 10,780 shares of Allegheny Technologies stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $29.13, for a total value of $314,021.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Barabara S. Jeremiah sold 7,500 shares of Allegheny Technologies stock in a transaction on Thursday, January 24th. The stock was sold at an average price of $25.61, for a total transaction of $192,075.00. Following the completion of the transaction, the director now directly owns 33,833 shares of the company’s stock, valued at $866,463.13. The disclosure for this sale can be found here. Insiders have sold 45,628 shares of company stock valued at $1,301,542 over the last ninety days. 1.06% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the business. Private Capital Group LLC grew its stake in shares of Allegheny Technologies by 336.2% in the 4th quarter. Private Capital Group LLC now owns 1,348 shares of the basic materials company’s stock worth $29,000 after buying an additional 1,039 shares in the last quarter. Quantamental Technologies LLC purchased a new position in shares of Allegheny Technologies during the 4th quarter worth about $41,000. Pearl River Capital LLC purchased a new position in shares of Allegheny Technologies during the 4th quarter worth about $48,000. Oregon Public Employees Retirement Fund boosted its stake in shares of Allegheny Technologies by 2,107.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,093,659 shares of the basic materials company’s stock worth $50,000 after purchasing an additional 1,044,119 shares during the period. Finally, Whittier Trust Co. purchased a new position in shares of Allegheny Technologies during the 4th quarter worth about $59,000.

Shares of ATI stock traded up $0.25 on Wednesday, hitting $27.01. 693,188 shares of the stock traded hands, compared to its average volume of 1,615,063. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 17.89, a PEG ratio of 1.01 and a beta of 2.39. Allegheny Technologies has a 52 week low of $20.84 and a 52 week high of $30.18. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.68 and a quick ratio of 1.24.

Allegheny Technologies (NYSE:ATI) last announced its quarterly earnings data on Tuesday, January 22nd. The basic materials company reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.03). The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $991.88 million. Allegheny Technologies had a net margin of 5.50% and a return on equity of 10.28%. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.27 earnings per share. Equities research analysts expect that Allegheny Technologies will post 1.82 earnings per share for the current fiscal year.

About Allegheny Technologies

Allegheny Technologies Incorporated manufactures and sells specialty materials and components worldwide. The company operates through two segments, High Performance Materials & Components, and Flat-Rolled Products. The High Performance Materials & Components segment produces high performance materials, including titanium and titanium-based alloys; nickel-and cobalt-based alloys and superalloys; zirconium and related alloys, such as hafnium and niobium; powder alloys; and other specialty materials in long product forms of ingots, billets, bars, rods, wires, and shapes and rectangles, as well as seamless tubes, plus precision forgings, castings, components, and machined parts.

Featured Article: What is a put option?

Analyst Recommendations 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.