Allegheny Technologies Inc

Allegheny Technologies Inc Stock Forecast & Price Prediction

Live Allegheny Technologies Inc Stock (ATI) Price
$62.94

9

Ratings

  • Buy 4
  • Hold 5
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$62.94

P/E Ratio

23.86

Volume Traded Today

$1.2M

Dividend

$0.08

52 Week High/low

68.92/35.03

Allegheny Technologies Inc Market Cap

$7.87B

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ATI Summary

The Allegheny Technologies Inc (ATI) share price is expected to increase by 16.16% over the next year. This is based on calculating the average 12-month share price estimate provided by 9 stock analysts who have covered ATI. Price targets range from $67 at the low end to $84 at the high end. The current analyst consensus for ATI is a buy. Please note analyst price targets are not guaranteed and could be missed completely.

ATI Analyst Ratings

About 9 Wall Street analysts have assignedATI 4 buy ratings, 5 hold ratings, and 0 sell ratings. This means that analysts expect Allegheny Technologies Inc to hold. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on ATI. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.

ATI stock forecast by analyst

These are the latest 20 analyst ratings of ATI.

Analyst/Firm

Rating

Price Target

Change

Date

Scott Deuschle
Deutsche Bank

Buy

$84

Maintains

Oct 3, 2024
Charles Minervino
Susquehanna

Positive

$75

Initiates

Sep 5, 2024
Seth Seifman
JP Morgan

Overweight

$75

Maintains

Aug 21, 2024
Philip Gibbs
Keybanc

Overweight

$67

Maintains

Aug 12, 2024
Scott Deuschle
Deutsche Bank

Buy

$81

Maintains

Aug 7, 2024
Josh Sullivan
Benchmark

Buy

$80

Reiterates

Aug 7, 2024
Josh Sullivan
Benchmark

Buy

$80

Maintains

Jul 12, 2024
Andre Madrid
BTIG

Buy

$70

Initiates

Jun 26, 2024
Chris Olin
Northcoast Research

Neutral


Downgrade

Jun 14, 2024
Philip Gibbs
Keybanc

Overweight

$66

Maintains

May 28, 2024
David Strauss
Barclays

Overweight

$70

Maintains

May 6, 2024
Philip Gibbs
Keybanc

Overweight

$58

Maintains

Apr 22, 2024
Scott Deuschle
Deutsche Bank

Buy

$70

Initiates

Apr 11, 2024
Philip Gibbs
Keybanc

Overweight

$56

Maintains

Feb 21, 2024
Josh Sullivan
Benchmark

Buy

$53

Reiterates

Dec 4, 2023
Philip Gibbs
Keybanc

Overweight

$49

Maintains

Dec 1, 2023
Philip Gibbs
Keybanc

Overweight

$48

Maintains

Oct 19, 2023
David Strauss
Barclays

Overweight

$51

Maintains

Aug 8, 2023
Philip Gibbs
Keybanc

Overweight

$49

Maintains

Aug 7, 2023

Northcoast Research

Buy


Initiates

Jul 20, 2023

ATI Company Information

What They Do: Produces specialty materials and complex components.

Business Model: ATI Inc. operates through two main segments: High Performance Materials & Components and Advanced Alloys & Solutions. It generates revenue by producing and selling a wide range of specialty materials, including various alloys, in different forms and providing hot-rolling conversion services. The company serves multiple industries, which diversifies its revenue streams.

Other Information: Founded in 1996 and headquartered in Dallas, Texas, ATI Inc. has a strong presence in the aerospace and defense, energy, automotive, and medical markets. The company was formerly known as Allegheny Technologies Incorporated, indicating a long-standing history in the specialty materials sector.
ATI
Allegheny Technologies Inc (ATI)

When did it IPO

1999

Staff Count

7,300

Country

United States

Sector/Industry

Industrials/Metal Fabrication

CEO

Ms. Kimberly A. Fields

Market Cap

$7.87B

Allegheny Technologies Inc (ATI) Financial Data

In 2023, ATI generated $4.17B in revenue, which was a increase of 8.80% from the previous year. This can be seen as a signal that ATI's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$2.98B

Revenue From 2021

$2.80B

-6.11 %
From Previous Year

Revenue From 2022

$3.84B

37.01 %
From Previous Year

Revenue From 2023

$4.17B

8.80 %
From Previous Year
  • Revenue TTM $4.23B
  • Operating Margin TTM 12.3%
  • Gross profit TTM $802.6M
  • Return on assets TTM 5.6%
  • Return on equity TTM 28.6%
  • Profit Margin 9.1%
  • Book Value Per Share 10.89%
  • Market capitalisation $7.87B
  • Revenue for 2021 $2.80B
  • Revenue for 2022 $3.84B
  • Revenue for 2023 $4.17B
  • EPS this year (TTM) $2.65

Allegheny Technologies Inc (ATI) Latest News

News Image

Wed, 09 Oct 2024

Sentiment - NEUTRAL

Source - Zacks Investment Research

Summary - Allegheny Technologies (ATI) closed at $62.83, down 1.83% from the previous trading day.

Why It Matters - A 1.83% decline in Allegheny Technologies' stock price signals potential volatility, affecting investor sentiment and future trading strategies.

News Image

Tue, 01 Oct 2024

Sentiment - NEUTRAL

Source - PRNewsWire

Summary - ATI (NYSE: ATI) will host its third quarter 2024 earnings conference call on October 29, 2024, at 7:30 a.m. CT.

Why It Matters - ATI's upcoming earnings call will provide insights into its financial performance, impacting stock valuation and investor sentiment ahead of Q3 results.

News Image

Wed, 02 Oct 2024

Sentiment - NEGATIVE

Source - Zacks Investment Research

Summary - Allegheny Technologies (ATI) closed at $65.59, down 0.56% from the previous trading day.

Why It Matters - Allegheny Technologies' slight decline in stock price may indicate market volatility or investor sentiment shifts, impacting future investment decisions and potential returns.

News Image

Thu, 26 Sep 2024

Sentiment - NEUTRAL

Source - Zacks Investment Research

Summary - Allegheny Technologies (ATI) closed at $65.32, reflecting a slight decrease of 0.15% from the previous day's closing price.

Why It Matters - A slight decline in ATI's stock price may indicate market volatility or investor sentiment shifts, potentially impacting future trading strategies and portfolio valuations.

News Image

Fri, 20 Sep 2024

Sentiment - NEUTRAL

Source - Zacks Investment Research

Summary - Allegheny Technologies (ATI) closed at $63.84, down 1.3% from the previous trading session.

Why It Matters - A 1.3% decline in Allegheny Technologies' stock may indicate market concerns or selling pressure, potentially influencing investor sentiment and future trading decisions.

News Image

Fri, 13 Sep 2024

Sentiment - NEGATIVE

Source - Zacks Investment Research

Summary - Allegheny Technologies (ATI) closed at $61.77, down 0.69% from the previous trading day.

Why It Matters - A decline in Allegheny Technologies' stock price may signal weakening investor confidence or broader market trends, potentially impacting future investment decisions and valuations.

...

ATI Frequently asked questions

The highest forecasted price for ATI is $84 from Scott Deuschle at Deutsche Bank.

The lowest forecasted price for ATI is $67 from Philip Gibbs from Keybanc

The ATI analyst ratings consensus are 4 buy ratings, 5 hold ratings, and 0 sell ratings.