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S&P 500   3,911.74
DOW   31,500.68
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S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
NYSE:ATI

Allegheny Technologies Stock Forecast, Price & News

$23.17
+1.60 (+7.42%)
(As of 06/24/2022 12:00 AM ET)
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Today's Range
$21.59
$23.17
50-Day Range
$21.57
$29.96
52-Week Range
$13.85
$30.74
Volume
3.92 million shs
Average Volume
1.45 million shs
Market Capitalization
$2.88 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$26.13
30 days | 90 days | 365 days | Advanced Chart

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ATI Stock Forecast (MarketRank)

Overall MarketRank

1.79 out of 5 stars

Basic Materials Sector

148th out of 241 stocks

Steel Pipe & Tubes Industry

1st out of 4 stocks

Analyst Opinion: 2.4Community Rank: 3.9Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 1.9 5 -4 -3 -2 -1 -
Allegheny Technologies logo

About Allegheny Technologies (NYSE:ATI)

Allegheny Technologies Incorporated manufactures and sells specialty materials and components worldwide. The company operates in two segments: High Performance Materials & Components (HPMC) and Advanced Alloys & Solutions (AA&S). The HPMC segment produces various materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, advanced powder alloys and other specialty materials, in long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, and seamless tubes, as well as precision forgings, components, and machined parts. The segment serves aerospace and defense, medical, and energy markets. The AA&S segment produces zirconium and related alloys, including hafnium and niobium, nickel-based alloys, titanium and titanium-based alloys, and specialty alloys in a variety of forms, such as plate, sheet, and precision rolled strip products. It also provides hot-rolling conversion services, including carbon steel products, and titanium products. This segment offers its solutions to the energy, aerospace and defense, automotive, and electronics markets. Allegheny Technologies Incorporated was founded in 1960 and is based in Pittsburgh, Pennsylvania.

ATI Stock News Headlines

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Industry, Sector and Symbol

Industry
Steel pipe & tubes
Sub-Industry
Steel
CUSIP
01741R10
Employees
6,300
Year Founded
1996

Company Calendar

Last Earnings
5/04/2022
Today
6/25/2022
Next Earnings (Estimated)
8/02/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$26.13
High Stock Price Forecast
$31.00
Low Stock Price Forecast
$18.00
Forecasted Upside/Downside
+12.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
8 Analysts

Profitability

Net Income
$-38.20 million
Pretax Margin
1.62%

Debt

Sales & Book Value

Annual Sales
$2.80 billion
Cash Flow
$1.36 per share
Book Value
$6.54 per share

Miscellaneous

Free Float
123,115,000
Market Cap
$2.88 billion
Optionable
Optionable
Beta
1.28

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Allegheny Technologies Frequently Asked Questions

Should I buy or sell Allegheny Technologies stock right now?

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

What is Allegheny Technologies' stock price forecast for 2022?

8 equities research analysts have issued 1 year price objectives for Allegheny Technologies' stock. Their ATI stock forecasts range from $18.00 to $31.00. On average, they expect Allegheny Technologies' share price to reach $26.13 in the next year. This suggests a possible upside of 12.8% from the stock's current price.
View analysts' price targets for Allegheny Technologies
or view top-rated stocks among Wall Street analysts.

How has Allegheny Technologies' stock price performed in 2022?

Allegheny Technologies' stock was trading at $15.93 at the beginning of the year. Since then, ATI stock has increased by 45.4% and is now trading at $23.17.
View the best growth stocks for 2022 here
.

When is Allegheny Technologies' next earnings date?

Allegheny Technologies is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022.
View our earnings forecast for Allegheny Technologies
.

How were Allegheny Technologies' earnings last quarter?

Allegheny Technologies Incorporated (NYSE:ATI) issued its earnings results on Wednesday, May, 4th. The basic materials company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.18. The basic materials company earned $834.10 million during the quarter, compared to analyst estimates of $748.04 million. Allegheny Technologies had a trailing twelve-month return on equity of 11.17% and a net margin of 0.02%. Allegheny Technologies's revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.06) EPS.
View Allegheny Technologies' earnings history
.

How will Allegheny Technologies' stock buyback program work?

Allegheny Technologies declared that its Board of Directors has initiated a stock repurchase program on Wednesday, February 2nd 2022, which authorizes the company to repurchase $150,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 5.4% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board believes its stock is undervalued.

Who are Allegheny Technologies' key executives?

Allegheny Technologies' management team includes the following people:
  • Mr. Robert S. Wetherbee, Chairman, Pres & CEO (Age 63, Pay $3.16M)
  • Mr. Donald P. Newman, Exec. VP of Fin. & CFO (Age 57, Pay $1.67M)
  • Ms. Kimberly A. Fields, Exec. VP & COO (Age 52, Pay $1.56M)
  • Mr. Elliot S. Davis, Sr. VP and Chief Legal & Compliance Officer (Age 61, Pay $1.13M)
  • Mr. Kevin B. Kramer, Sr. VP and Chief Commercial & Marketing Officer (Age 62, Pay $1.24M) (LinkedIn Profile)
  • Mr. Karl D. Schwartz, VP, Controller & Chief Accounting Officer (Age 59)
  • Mr. Timothy J. Harris, Sr. VP and Chief Digital & Information Officer (Age 47)
  • Mr. Scott A. Minder, VP of Investor Relations & Treasurer
  • Ms. Mary Beth Moore, VP of HR (Age 53)
  • Ms. Lauren S. McAndrews, VP of Environmental Affairs & Sustainability and Assistant Gen. Counsel (Age 58)

What is Robert S. Wetherbee's approval rating as Allegheny Technologies' CEO?

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.

What other stocks do shareholders of Allegheny Technologies own?

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).

What is Allegheny Technologies' stock symbol?

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

Who are Allegheny Technologies' major shareholders?

Allegheny Technologies' stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.35%), Capital International Investors (9.81%), State Street Corp (8.01%), Capital Group International Inc. CA (2.72%), Dimensional Fund Advisors LP (2.40%) and Fisher Asset Management LLC (2.05%). Company insiders that own Allegheny Technologies stock include Acquisition Sponsor I Fortress, Donald P Newman, Elliot S Davis, Kevin B Kramer, Kevin B Kramer, Marianne Kah, Robert S Wetherbee and Timothy J Harris.
View institutional ownership trends for Allegheny Technologies
.

Which institutional investors are selling Allegheny Technologies stock?

ATI stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Neuberger Berman Group LLC, Sasco Capital Inc. CT, Dimensional Fund Advisors LP, New York State Common Retirement Fund, Mountaineer Partners Management LLC, KLCM Advisors Inc., and Citigroup Inc.. Company insiders that have sold Allegheny Technologies company stock in the last two years include Elliot S Davis, and Kevin B Kramer.
View insider buying and selling activity for Allegheny Technologies
or view top insider-selling stocks.

Which institutional investors are buying Allegheny Technologies stock?

ATI stock was purchased by a variety of institutional investors in the last quarter, including Bowen Hanes & Co. Inc., State Street Corp, Invesco Ltd., Fuller & Thaler Asset Management Inc., Assenagon Asset Management S.A., Allianz Asset Management GmbH, Vanguard Group Inc., and Fisher Asset Management LLC. Company insiders that have bought Allegheny Technologies stock in the last two years include Acquisition Sponsor I Fortress, and Donald P Newman.
View insider buying and selling activity for Allegheny Technologies
or or view top insider-buying stocks.

How do I buy shares of Allegheny Technologies?

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.
Compare Top Brokerages Here.

What is Allegheny Technologies' stock price today?

One share of ATI stock can currently be purchased for approximately $23.17.

How much money does Allegheny Technologies make?

Allegheny Technologies (NYSE:ATI) has a market capitalization of $2.88 billion and generates $2.80 billion in revenue each year. The basic materials company earns $-38.20 million in net income (profit) each year or ($0.04) on an earnings per share basis.

How many employees does Allegheny Technologies have?

Allegheny Technologies employs 6,300 workers across the globe.

Does Allegheny Technologies have any subsidiaries?

The following companies are subsidiares of Allegheny Technologies: ALC Funding Corporation, ATI Flat Rolled Products Holdings LLC, ATI Ladish LLC, ATI Operating Holdings LLC, ATI Properties Inc., Addaero Manufacturing, Allegheny Ludlum LLC, Dynamic Flowform, Hanard Machine, J&L Specialty Steel, Ladish, Shanghai STAL Precision Stainless Steel Company Limited (1), TDY Holdings LLC, TDY Holdings Limited, and TDY Industries LLC.
Read More

When was Allegheny Technologies founded?

Allegheny Technologies was founded in 1996.

How can I contact Allegheny Technologies?

Allegheny Technologies' mailing address is 1000 SIX PPG PLACE, PITTSBURGH PA, 15222. The official website for Allegheny Technologies is www.atimetals.com. The basic materials company can be reached via phone at (412) 394-2800, via email at [email protected], or via fax at 412-394-3034.

This page (NYSE:ATI) was last updated on 6/25/2022 by MarketBeat.com Staff

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