Buckingham analyst Richard Safran maintained a Buy rating on Allegheny Technologies (ATI) today and set a price target of $40. The company’s shares opened today at $25.98.
Safran has an average return of 13.5% when recommending Allegheny Technologies.
According to TipRanks.com, Safran is ranked #3518 out of 5192 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Allegheny Technologies with a $37.75 average price target, a 45.3% upside from current levels. In a report issued on April 11, Cowen & Co. also assigned a Buy rating to the stock with a $35 price target.
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Allegheny Technologies’ market cap is currently $3.27B and has a P/E ratio of 16.37. The company has a Price to Book ratio of 1.74.
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.
