Cowen & Co. analyst Gautam Khanna maintained a Buy rating on Allegheny Technologies (ATI) today and set a price target of $35. The company’s shares opened today at $27.20.
According to TipRanks.com, Khanna is a 5-star analyst with an average return of 13.0% and a 74.5% success rate. Khanna covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, Huntington Ingalls, and Vista Outdoor.
Allegheny Technologies has an analyst consensus of Strong Buy, with a price target consensus of $36.80, representing a 35.3% upside. In a report issued on April 8, Buckingham also reiterated a Buy rating on the stock with a $45 price target.
See today’s analyst top recommended stocks >>
Based on Allegheny Technologies’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $41.1 million. In comparison, last year the company earned revenue of $979 million and had a net profit of $58 million.
Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ATI in relation to earlier this year.
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.
