Cowen & Co. analyst Gautam Khanna maintained a Buy rating on Allegheny Technologies (ATI) today and set a price target of $32.00. The company’s shares closed last Monday at $20.33.
According to TipRanks.com, Khanna is a 5-star analyst with an average return of 13.1% and a 69.1% success rate. Khanna covers the Consumer Goods sector, focusing on stocks such as Albany International Corp, L3Harris Technologies Inc, and Transdigm Group Inc.
Currently, the analyst consensus on Allegheny Technologies is a Moderate Buy with an average price target of $28.00.
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Allegheny Technologies’ market cap is currently $2.56B and has a P/E ratio of 15.32. The company has a Price to Book ratio of 1.26.
Based on the recent corporate insider activity of 68 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.
