Allegheny Technologies Inc. (NYSE:ATI) shot up 2.7% during mid-day trading on Thursday . The company traded as high as $15.57 and last traded at $15.41, with a volume of 1,868,271 shares changing hands. The stock had previously closed at $15.01.

A number of research analysts have weighed in on ATI shares. Bank of America Corp. raised Allegheny Technologies from an “underperform” rating to a “buy” rating and set a $14.00 target price for the company in a report on Monday, May 23rd. Berenberg Bank reaffirmed a “hold” rating on shares of Allegheny Technologies in a report on Wednesday, May 18th. Zacks Investment Research raised Allegheny Technologies from a “sell” rating to a “hold” rating in a report on Friday, April 29th. Rosenblatt Securities reaffirmed a “buy” rating and set a $26.00 target price (up previously from $18.00) on shares of Allegheny Technologies in a report on Tuesday, April 19th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $13.00 price objective (up previously from $10.00) on shares of Allegheny Technologies in a report on Wednesday, March 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. Allegheny Technologies has an average rating of “Buy” and an average target price of $21.32.

The firm’s 50 day moving average is $13.17 and its 200 day moving average is $13.24. The company’s market capitalization is $1.68 billion.

Allegheny Technologies (NYSE:ATI) last announced its quarterly earnings data on Tuesday, April 26th. The company reported ($0.58) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.56) by $0.02. The business earned $758 million during the quarter, compared to the consensus estimate of $796.44 million. During the same quarter in the previous year, the company earned $0.09 earnings per share. The company’s quarterly revenue was down 32.7% compared to the same quarter last year. Analysts forecast that Allegheny Technologies Inc. will post ($0.96) EPS for the current fiscal year.

A number of large investors have made changes to their positions in the stock. Russell Frank Co raised its stake in shares of Allegheny Technologies by 126.8% in the fourth quarter. Russell Frank Co now owns 154,866 shares of the company’s stock worth $1,757,000 after buying an additional 86,593 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Allegheny Technologies by 1.1% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 150,095 shares of the company’s stock worth $1,689,000 after buying an additional 1,640 shares in the last quarter. Retirement Systems of Alabama raised its stake in shares of Allegheny Technologies by 1.3% in the fourth quarter. Retirement Systems of Alabama now owns 140,327 shares of the company’s stock worth $1,579,000 after buying an additional 1,828 shares in the last quarter. Neuberger Berman Group LLC acquired a new stake in shares of Allegheny Technologies during the fourth quarter worth $6,687,000. Finally, California State Teachers Retirement System raised its stake in shares of Allegheny Technologies by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 208,823 shares of the company’s stock worth $2,349,000 after buying an additional 3,291 shares in the last quarter.

Allegheny Technologies Incorporated (ATI) is a specialty materials and components producer. The Company operates through two business segments: High Performance Materials & Components and Flat Rolled Products. ATI’s products include titanium and titanium alloys, nickel-based alloys and specialty steels, precision forgings, castings and machined components, zirconium and related alloys, precision and engineered stainless steel strip, and grain-oriented electrical steel.

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