Cowen & Co. Maintains a Buy Rating on Allegheny Technologies (ATI)
In a report issued on June 3, Gautam Khanna from Cowen & Co. maintained a Buy rating on Allegheny Technologies (ATI – Research Report). The companys shares closed last Friday at $22.33.
According to TipRanks.com, Khanna is a 5-star analyst with an average return of 10.9% and a 65.8% success rate. Khanna covers the Technology sector, focusing on stocks such as Huntington Ingalls, Howmet Aerospace, and Transdigm Group.
Allegheny Technologies has an analyst consensus of Strong Buy, with a price target consensus of $34.00, implying a 51.7% upside from current levels. In a report issued on June 10, KeyBanc also maintained a Buy rating on the stock with a $34.00 price target.
See the top stocks recommended by analysts >> Based on Allegheny Technologies latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $834 million and net profit of $30.9 million. In comparison, last year the company earned revenue of $693 million and had a GAAP net loss of $7.9 million. TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities. Allegheny Technologies, Inc. engages in the manufacture of specialty materials and components for different industries which include aerospace and defense, oil and gas, chemical process, and electrical energy. It operates through the High Performance Materials and Components (HPMC) and Flat Rolled Products (FRP) segments. The HPMC segment includes production, conversion, and distribution of materials, including products from differentiated alloys, super alloys, and metallic powders. The FRP segment involves in the production, conversion and distribution of nickel-based alloys, specialty alloys, titanium and titanium-based alloys, and stainless steel in a variety of product forms including plate, sheet, engineered strip, and precision rolled strip. The company was founded on August 15, 1996 and is headquartered in Pittsburgh, PA. Read More on ATI:
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