Allegheny Technologies Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Allegheny Technologies in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Allegheny Technologies stock.
View analyst ratings for Allegheny Technologies or view top-rated stocks.

Wall Street analysts have given Allegheny Technologies a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Allegheny Technologies wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Allegheny Technologies is scheduled to release its next quarterly earnings announcement on Tuesday, August 3rd 2021.
View our earnings forecast for Allegheny Technologies.

Allegheny Technologies will be holding an earnings conference call on Tuesday, August 3rd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Allegheny Technologies Incorporated (NYSE:ATI) announced its earnings results on Wednesday, April, 28th. The basic materials company reported ($0.06) EPS for the quarter, beating the Zacks' consensus estimate of ($0.24) by $0.18. The basic materials company earned $693 million during the quarter, compared to analysts' expectations of $650.41 million. Allegheny Technologies had a negative trailing twelve-month return on equity of 8.08% and a negative net margin of 58.90%. The business's quarterly revenue was down 27.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.20 EPS.
View Allegheny Technologies' earnings history.

Allegheny Technologies' stock was trading at $11.59 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ATI stock has increased by 76.8% and is now trading at $20.49.
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6 analysts have issued twelve-month price targets for Allegheny Technologies' stock. Their forecasts range from $11.00 to $27.00. On average, they expect Allegheny Technologies' stock price to reach $22.00 in the next twelve months. This suggests a possible upside of 7.4% from the stock's current price.
View analysts' price targets for Allegheny Technologies or view top-rated stocks among Wall Street analysts.

25 employees have rated Allegheny Technologies CEO Robert S. Wetherbee on Glassdoor.com. Robert S. Wetherbee has an approval rating of 92% among Allegheny Technologies' employees. This puts Robert S. Wetherbee in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Allegheny Technologies include Nucor (NUE), Steel Dynamics (STLD), Cleveland-Cliffs (CLF), Reliance Steel & Aluminum (RS), United States Steel (X), Commercial Metals (CMC), Worthington Industries (WOR), Carpenter Technology (CRS), Schnitzer Steel Industries (SCHN), Haynes International (HAYN), Olympic Steel (ZEUS) and Universal Stainless & Alloy Products (USAP).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Allegheny Technologies investors own include Intel (INTC), Cisco Systems (CSCO), Bank of America (BAC), Micron Technology (MU), Ford Motor (F), NVIDIA (NVDA), AT&T (T), Bristol-Myers Squibb (BMY), Pfizer (PFE) and Chesapeake Energy (CHKAQ).

Allegheny Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "ATI."

Allegheny Technologies' stock is owned by a number of institutional and retail investors. Top institutional shareholders include State of Alaska Department of Revenue (0.07%). Company insiders that own Allegheny Technologies stock include Acquisition Sponsor I Fortress, Donald P Newman, Elliot S Davis, Kevin B Kramer, Marianne Kah, Robert S Wetherbee and Timothy J Harris.
View institutional ownership trends for Allegheny Technologies.

ATI stock was bought by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. Company insiders that have bought Allegheny Technologies stock in the last two years include Acquisition Sponsor I Fortress, Donald P Newman, Elliot S Davis, Kevin B Kramer, Marianne Kah, Robert S Wetherbee, and Timothy J Harris.
View insider buying and selling activity for Allegheny Technologies or or view top insider-buying stocks.

Shares of ATI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ATI stock can currently be purchased for approximately $20.49.

Allegheny Technologies has a market capitalization of $2.61 billion and generates $2.98 billion in revenue each year. The basic materials company earns $-1,572,600,000.00 in net income (profit) each year or ($0.52) on an earnings per share basis.

Allegheny Technologies employs 6,500 workers across the globe.

The following companies are subsidiares of Allegheny Technologies: ALC Funding Corporation, ATI Flat Rolled Products Holdings, ATI Ladish, ATI Operating Holdings, ATI Properties , Addaero Manufacturing, Allegheny Ludlum, Dynamic Flowform, Hanard Machine, J&L Specialty Steel, Ladish, Shanghai STAL Precision Stainless Steel, TDY Holdings, and TDY Industries.

Allegheny Technologies was founded in 1996.

The official website for Allegheny Technologies is www.atimetals.com.

Allegheny Technologies is headquartered at 1000 SIX PPG PLACE, PITTSBURGH PA, 15222.

Allegheny Technologies' mailing address is 1000 SIX PPG PLACE, PITTSBURGH PA, 15222. The basic materials company can be reached via phone at (412) 394-2800 or via email at [email protected]