Allegheny Technologies Inc. (NYSE:ATI) shares fell 3.5% during mid-day 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 trading hands. The stock had previously closed at $15.63.

A number of brokerages have recently issued reports on ATI. Deutsche Bank AG reiterated a “hold” rating and set a $13.00 target price (up previously from $10.00) on shares of Allegheny Technologies in a research report on Wednesday, March 23rd. Zacks Investment Research lowered Allegheny Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, March 29th. Berenberg Bank reiterated a “hold” rating on shares of Allegheny Technologies in a research report on Wednesday, May 18th. Bank of America Corp. reiterated a “buy” rating on shares of Allegheny Technologies in a research report on Friday, June 17th. Finally, Credit Suisse Group AG upgraded Allegheny Technologies from a “neutral” rating to an “outperform” rating and increased their target price for the company from $34.00 to $41.00 in a research report on Monday, March 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. Allegheny Technologies currently has a consensus rating of “Buy” and an average price target of $21.32.

The company’s market capitalization is $1.58 billion. The stock has a 50 day moving average price of $13.49 and a 200 day moving average price of $13.35.

Allegheny Technologies (NYSE:ATI) last announced its quarterly earnings data on Tuesday, April 26th. The company reported ($0.58) EPS for the quarter, missing the Zacks’ 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. The business’s revenue was down 32.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.09 EPS. On average, analysts anticipate that Allegheny Technologies Inc. will post ($0.95) earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the company. Rhumbline Advisers increased its position in shares of Allegheny Technologies by 0.4% in the fourth quarter. Rhumbline Advisers now owns 160,154 shares of the company’s stock worth $1,802,000 after buying an additional 684 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Allegheny Technologies by 0.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 232,176 shares of the company’s stock worth $2,613,000 after buying an additional 970 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position 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 during the last quarter. Retirement Systems of Alabama increased its position 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 during the last quarter. Finally, California State Teachers Retirement System increased its position 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 during 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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