Allegheny Technologies Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Allegheny Technologies in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Allegheny Technologies stock.
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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 Incorporated (NYSE:ATI) issued its earnings results on Wednesday, April, 28th. The basic materials company reported ($0.06) EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.24) by $0.18. The basic materials company had revenue of $693 million for the quarter, compared to analyst estimates 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 company's revenue for the quarter was down 27.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.20 earnings per share.
View Allegheny Technologies' earnings history.

Allegheny Technologies' stock was trading at $11.59 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, ATI shares have increased by 86.4% and is now trading at $21.60.
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5 brokers 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' share price to reach $22.00 in the next year. This suggests a possible upside of 1.9% from the stock's current price.
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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 variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (16.45%), Capital International Investors (7.85%), Dimensional Fund Advisors LP (5.57%), Fisher Asset Management LLC (2.09%), Goldman Sachs Group Inc. (1.98%) and Northern Trust Corp (1.64%). Company insiders that own Allegheny Technologies stock include 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 sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Northern Trust Corp, Neuberger Berman Group LLC, Prudential Financial Inc., Credit Suisse AG, Capital Fund Management S.A., Citigroup Inc., and Nishkama Capital LLC. Company insiders that have sold Allegheny Technologies company stock in the last year include Elliot S Davis, and Kevin B Kramer.
View insider buying and selling activity for Allegheny Technologies or view top insider-selling stocks.

ATI stock was purchased by a variety of institutional investors in the last quarter, including Capital International Investors, BlackRock Inc., Goldman Sachs Group Inc., Dimensional Fund Advisors LP, Jupiter Asset Management Ltd., Royce & Associates LP, Mirae Asset Global Investments Co. Ltd., and CHURCHILL MANAGEMENT Corp. Company insiders that have bought Allegheny Technologies stock in the last two years include 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 $21.60.

Allegheny Technologies has a market capitalization of $2.75 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]