Barclays (LON:BARC) analyst David E. Strauss maintained a Buy rating on Allegheny Technologies (NYSE:ATI) on Monday, setting a price target of $23, which is approximately 41.80% above the present share price of $16.22.
E. Strauss expects Allegheny Technologies to post earnings per share (EPS) of $0.38 for the fourth quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in Allegheny Technologies, with an average price target of $23.
The analysts price targets range from a high of $23 to a low of $23.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $725.7 million and a net profit of $27.6 million. The company's market cap is $2.06 billion.
According to TipRanks.com, Barclays analyst David E. Strauss is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -1.0% and a 52.81% success rate.
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. The HPMC segment includes production, conversion, and distribution of materials, including products from differentiated alloys, super alloys, and metallic powders. The FRP segment involves in the production, conversion and distribution of nickel-based alloys, specialty alloys, titanium and titanium-based alloys, and stainless steel in a variety of product forms including plate, sheet, engineered strip, and precision rolled strip. The company was founded on August 15, 1996 and is headquartered in Pittsburgh, PA.