After Cowen & Co. and Buckingham gave Allegheny Technologies (NYSE: ATI) a Buy rating last month, the company received another Buy, this time from Barclays. Analyst David E. Strauss maintained a Buy rating on Allegheny Technologies yesterday and set a price target of $36. The company’s shares closed yesterday at $26.14.
According to TipRanks.com, Strauss is a 4-star analyst with an average return of 6.8% and a 66.3% success rate. Strauss covers the Consumer Goods sector, focusing on stocks such as General Dynamics Corp, Transdigm Group Inc, and L3 Technologies Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Allegheny Technologies with a $37.20 average price target, a 42.3% upside from current levels. In a report issued on April 2, Cowen & Co. also assigned a Buy rating to the stock with a $35 price target.
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The company has a one-year high of $30.18 and a one-year low of $20.84. Currently, Allegheny Technologies has an average volume of 1.57M.
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.
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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.
