Were Analysts Bearish Allegheny Technologies Incorporated (NYSE:ATI) This Week?

Investors sentiment decreased to 0.89 in 2019 Q2. Its down 0.56, from 1.45 in 2019Q1. It is negative, as 45 investors sold Allegheny Technologies Incorporated shares while 80 reduced holdings. 30 funds opened positions while 81 raised stakes. 129.90 million shares or 1.66% less from 132.09 million shares in 2019Q1 were reported.
Advisory Services Ltd Liability Co reported 13,284 shares or 0.02% of all its holdings. Arizona State Retirement Systems holds 0.03% of its portfolio in Allegheny Technologies Incorporated (NYSE:ATI) for 91,473 shares. Raymond James Fincl Service Advsr owns 51,872 shares for 0.01% of their portfolio. Moreover, Cap Intl Ca has 0.26% invested in Allegheny Technologies Incorporated (NYSE:ATI). Valley Advisers accumulated 119 shares. Manufacturers Life Insur Com The stated it has 0.01% in Allegheny Technologies Incorporated (NYSE:ATI). 20,068 were accumulated by Rmb Cap Lc. 20,264 are held by Citigroup. Smithfield Tru reported 110 shares. California Employees Retirement Sys holds 0% in Allegheny Technologies Incorporated (NYSE:ATI) or 151,397 shares. Advisor Partners Llc has invested 0.03% of its portfolio in Allegheny Technologies Incorporated (NYSE:ATI). Gotham Asset Management Ltd Limited Liability Company has invested 0% in Allegheny Technologies Incorporated (NYSE:ATI). Natl Bank Of America De invested in 0.01% or 1.75 million shares. 1.49 million were reported by Neuberger Berman Group Lc. Victory Cap Mngmt Inc has 1.38M shares for 0.07% of their portfolio.

Since August 13, 2019, it had 6 buys, and 0 insider sales for $295,388 activity. 2,900 shares were bought by Harris Timothy J, worth $51,620 on Wednesday, August 14. $35,060 worth of stock was bought by Davis Elliot S on Wednesday, August 14. $44,208 worth of Allegheny Technologies Incorporated (NYSE:ATI) was bought by Kramer Kevin B on Wednesday, August 14. $91,800 worth of Allegheny Technologies Incorporated (NYSE:ATI) was bought by WETHERBEE ROBERT S. 2,000 shares valued at $36,360 were bought by BALL M LEROY on Tuesday, August 13.

Allegheny Technologies Incorporated (NYSE:ATI) Ratings Coverage

Among 4 analysts covering Allegheny Technologies (NYSE:ATI), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Allegheny Technologies has $40 highest and $2100 lowest target. $28’s average target is 31.33% above currents $21.32 stock price. Allegheny Technologies had 7 analyst reports since April 18, 2019 according to SRatingsIntel. Cowen & Co maintained Allegheny Technologies Incorporated (NYSE:ATI) rating on Friday, June 21. Cowen & Co has “Buy” rating and $32 target. KeyBanc Capital Markets maintained it with “Overweight” rating and $3400 target in Wednesday, April 24 report. The stock of Allegheny Technologies Incorporated (NYSE:ATI) earned “Buy” rating by Goldman Sachs on Thursday, October 10. The stock of Allegheny Technologies Incorporated (NYSE:ATI) earned “Buy” rating by Buckingham Research on Thursday, April 18. Buckingham Research downgraded Allegheny Technologies Incorporated (NYSE:ATI) rating on Monday, May 6. Buckingham Research has “Neutral” rating and $2700 target. The rating was maintained by Buckingham Research on Wednesday, September 25 with “Neutral”. Below is a list of Allegheny Technologies Incorporated (NYSE:ATI) latest ratings and price target changes.

10/10/2019 Broker: Goldman Sachs Old Rating: Neutral New Rating: Buy New Target: $25.0000 Upgrade
25/09/2019 Broker: Buckingham Research Rating: Neutral Old Target: $27.0000 New Target: $21.0000 Maintain
18/07/2019 Broker: Longbow Old Rating: Buy New Rating: Neutral Downgrade
21/06/2019 Broker: Cowen & Co Rating: Buy New Target: $32 Maintain
06/05/2019 Broker: Buckingham Research Old Rating: Buy New Rating: Neutral Old Target: $40.0000 New Target: $27.0000 Downgrade
24/04/2019 Broker: KeyBanc Capital Markets Old Rating: Overweight New Rating: Overweight Old Target: $33.0000 New Target: $34.0000 Maintain
18/04/2019 Broker: Buckingham Research Old Rating: Buy New Rating: Buy Old Target: $45 New Target: $40 Maintain

The stock increased 5.44% or $1.1 during the last trading session, reaching $21.32. About 1.55 million shares traded. Allegheny Technologies Incorporated (NYSE:ATI) has declined 21.89% since October 12, 2018 and is downtrending. It has underperformed by 21.89% the S&P500.

Allegheny Technologies Incorporated produces and sells specialty materials and components worldwide. The company has market cap of $2.69 billion. The firm operates through two divisions, High Performance Materials & Components; and Flat-Rolled Products. It has a 16.01 P/E ratio. The High Performance Materials & Components segment provides various high performance materials, including titanium and titanium alloys; nickel-and cobalt alloys and superalloys; zirconium and related alloys, such as hafnium and niobium, advanced powder alloys, and other specialty materials, in long product forms of ingots, billets, bars, rods, wires, shapes and rectangles, and seamless tubes, plus precision forgings, castings, components, and machined parts.

More notable recent Allegheny Technologies Incorporated (NYSE:ATI) news were published by: Businesswire.com which released: “ATI Completes Sale of Titanium Investment Castings Business – Business Wire” on July 22, 2019, also Seekingalpha.com with their article: “Enough Already With China, Prepare For Earnings Starting Later This Month And IPO Lockups Expirations – Seeking Alpha” published on October 10, 2019, Finance.Yahoo.com published: “Allegheny Technologies Incorporated (NYSE:ATI): Commentary On Fundamentals – Yahoo Finance” on September 07, 2019. More interesting news about Allegheny Technologies Incorporated (NYSE:ATI) were released by: Finance.Yahoo.com and their article: “Allegheny Technologies Inc (ATI) Q2 2019 Earnings Call Transcript – Yahoo Finance” published on July 23, 2019 as well as Finance.Yahoo.com‘s news article titled: “Here is What Hedge Funds Think About Allegheny Technologies Incorporated (ATI) – Yahoo Finance” with publication date: June 14, 2019.

Allegheny Technologies Incorporated (NYSE:ATI) Ratings Chart

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