Allegheny Technologies Incorpor with ticker code (ATI) have now 8 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 38 and 28 and has a mean target at 33. Given that the stocks previous close was at 21.57 this indicates there is a potential upside of 53.0%. The day 50 moving average is 26.46 and the 200 day MA is 21.39. The market capitalisation for the company is $2,876m. You can visit the company’s website by visiting: https://www.atimetals.com
The potential market cap would be $4,400m based on the market concensus.
Allegheny Technologies Incorporated manufactures and sells specialty materials and components worldwide. The company operates in two segments: High Performance Materials & Components (HPMC) and Advanced Alloys & Solutions (AA&S). The HPMC segment produces various materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, advanced powder alloys and other specialty materials, in long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, and seamless tubes, as well as precision forgings, components, and machined parts. The segment serves aerospace and defense, medical, and energy markets. The AA&S segment produces zirconium and related alloys, including hafnium and niobium, nickel-based alloys, titanium and titanium-based alloys, and specialty alloys in a variety of forms, such as plate, sheet, and precision rolled strip products. It also provides hot-rolling conversion services, including carbon steel products, and titanium products. This segment offers its solutions to the energy, aerospace and defense, automotive, and electronics markets. Allegheny Technologies Incorporated was founded in 1960 and is based in Pittsburgh, Pennsylvania.
