Allegheny Technologies Inc. (NYSE:ATI) shares were down 3.5% during trading on Monday . The company traded as low as $14.95 and last traded at $15.09, with a volume of 1,282,326 shares changing hands. The stock had previously closed at $15.63.

A number of research analysts have commented on ATI shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $26.00 price objective (up from $18.00) on shares of Allegheny Technologies in a report on Tuesday, April 19th. Cowen and Company lowered Allegheny Technologies from a “market perform” rating to an “underperform” rating and set a $7.00 target price on the stock. in a report on Monday, April 4th. Credit Suisse Group AG raised Allegheny Technologies from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $34.00 to $41.00 in a report on Monday, March 28th. Zacks Investment Research lowered Allegheny Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, May 18th. Finally, Bank of America Corp. raised Allegheny Technologies from an “underperform” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Monday, May 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $21.32.

The firm has a 50 day moving average of $13.37 and a 200 day moving average of $13.28. The firm’s market capitalization is $1.64 billion.

Allegheny Technologies (NYSE:ATI) last released its quarterly earnings data on Tuesday, April 26th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.56) by $0.02. The business had revenue of $758 million for the quarter, compared to the consensus estimate of $796.44 million. During the same period in the prior year, the company posted $0.09 EPS. The firm’s revenue for the quarter was down 32.7% compared to the same quarter last year. Analysts predict that Allegheny Technologies Inc. will post ($0.95) earnings per share for the current year.

Several hedge funds and institutional investors have recently made changes to their positions in the stock. Neuberger Berman Group LLC purchased a new position in shares of Allegheny Technologies during the fourth quarter valued at $6,687,000. Advisors Asset Management Inc. increased its position in shares of Allegheny Technologies by 207.2% in the fourth quarter. Advisors Asset Management Inc. now owns 640,601 shares of the company’s stock valued at $7,207,000 after buying an additional 432,091 shares during the period. First Trust Advisors LP increased its position in shares of Allegheny Technologies by 4,201.5% in the fourth quarter. First Trust Advisors LP now owns 433,980 shares of the company’s stock valued at $4,882,000 after buying an additional 423,891 shares during the period. State of New Jersey Common Pension Fund D increased its position in shares of Allegheny Technologies by 140.0% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 600,000 shares of the company’s stock valued at $6,750,000 after buying an additional 350,000 shares during the period. Finally, Boston Partners increased its position in shares of Allegheny Technologies by 65.4% in the fourth quarter. Boston Partners now owns 418,510 shares of the company’s stock valued at $4,708,000 after buying an additional 165,521 shares during the period.

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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