Is Allegheny Technologies Stock a Good Investment?

Allegheny Technologies Investment Advice

  ATI
To provide specific investment advice or recommendations on Allegheny Technologies Incorporated stock, we recommend investors consider the following general factors when evaluating Allegheny Technologies Incorporated. This will help you to make an informed decision on whether to include Allegheny Technologies in one of your diversified portfolios:
  • Examine Allegheny Technologies' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
  • Research Allegheny Technologies' leadership team and their track record. Good management can help Allegheny Technologies navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
  • Consider the overall health of the Metals & Mining space and any emerging trends that could impact Allegheny Technologies' business and its evolving consumer preferences.
  • Compare Allegheny Technologies' performance and market position to its competitors. Analyze how Allegheny Technologies is positioned in terms of product offerings, innovation, and market share.
  • Check if Allegheny Technologies pays a dividend and its dividend yield and payout ratio.
  • Review what financial analysts are saying about Allegheny Technologies' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Allegheny Technologies Incorporated stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Allegheny Technologies Incorporated is a good investment.
 
Sell
 
Buy
Cautious Hold
Our advice module provides unbiased investment recommendation that can be used to complement current average analyst sentiment on Allegheny Technologies Incorporated. Our advice engine provides an advice for the firm potential to grow from the perspective of an investor's risk tolerance and investing horizon. To make sure Allegheny Technologies is not overpriced, please confirm all Allegheny Technologies fundamentals, including its cash and equivalents, earnings per share, and the relationship between the revenue and current ratio . Given that Allegheny Technologies has a price to earning of 153.89 X, we suggest you to validate Allegheny Technologies Incorporated market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your prevailing risk tolerance and investing horizon.

Market Performance

Very WeakDetails

Volatility

Very steadyDetails

Hype Condition

Low keyDetails

Current Valuation

OvervaluedDetails

Odds Of Distress

Very LowDetails

Economic Sensitivity

Actively responds to the marketDetails

Investor Sentiment

ImpartialDetails

Analyst Consensus

Strong BuyDetails

Financial Strenth (F Score)

HealthyDetails

Financial Leverage

Not RatedDetails

Reporting Quality (M-Score)

Possible ManipulatorDetails

Examine Allegheny Technologies Stock

Researching Allegheny Technologies' stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 94.0% of the company shares are held by institutions such as insurance companies. The book value of Allegheny Technologies was presently reported as 12.56. The company has Price/Earnings To Growth (PEG) ratio of 1.2. Allegheny Technologies last dividend was issued on the 16th of August 2016. The entity had 1:2 split on the 30th of November 1999.
To determine if Allegheny Technologies is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Allegheny Technologies' research are outlined below:
Allegheny Technologies generated a negative expected return over the last 90 days
Over 94.0% of the company shares are held by institutions such as insurance companies
Latest headline from finance.yahoo.com: ATI announces sale of precision rolled strip operations to Ulbrich

Allegheny Technologies Quarterly Good Will

227.2 Million

Allegheny Technologies uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Allegheny Technologies Incorporated. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Allegheny Technologies' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
1st of February 2024
Upcoming Quarterly Report
View
2nd of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
1st of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View
Earnings surprises can significantly impact Allegheny Technologies' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Allegheny Technologies' investors have experienced.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2017-10-24
2017-09-30-0.06-0.07-0.0116 
2015-04-21
2015-03-310.10.09-0.0110 
2001-04-18
2001-03-310.090.08-0.0111 
2017-07-25
2017-06-300.070.090.0228 
2013-04-24
2013-03-310.090.07-0.0222 
2009-10-21
2009-09-300.030.01-0.0266 
2003-01-21
2002-12-31-0.11-0.13-0.0218 
2002-07-17
2002-06-30-0.07-0.09-0.0228 

Know Allegheny Technologies' Top Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Allegheny Technologies is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Allegheny Technologies Incorporated backward and forwards among themselves. Allegheny Technologies' institutional investor refers to the entity that pools money to purchase Allegheny Technologies' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares
Geode Capital Management, Llc2024-06-30
1.9 M
Millennium Management Llc2024-06-30
1.9 M
Federated Hermes Inc2024-06-30
1.7 M
Norges Bank2024-06-30
1.6 M
Loomis, Sayles & Company Lp2024-06-30
1.5 M
Channing Capital Management, Llc2024-06-30
1.5 M
Bowen, Hanes & Co Inc2024-06-30
1.4 M
Barrow Hanley Mewhinney & Strauss Llc2024-06-30
1.4 M
Charles Schwab Investment Management Inc2024-06-30
1.3 M
Blackrock Inc2024-06-30
15.5 M
Capital Research & Mgmt Co - Division 32024-06-30
15.1 M
Note, although Allegheny Technologies' institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Allegheny Technologies' market capitalization trends

The company currently falls under 'Mid-Cap' category with a total capitalization of 8.29 B.

Market Cap

2.03 Billion

Allegheny Technologies' profitablity analysis

Last ReportedProjected for Next Year
Return On Tangible Assets 0.09  0.09 
Return On Capital Employed 0.12  0.09 
Return On Assets 0.08  0.09 
Return On Equity 0.30  0.31 
The company has Net Profit Margin of 0.09 %, which implies that it may need a different competitive strategy as even a very small decline in it revenue may erase profits and result in a net loss. This is way below average. In the same way, it shows Net Operating Margin of 0.13 %, which entails that for every 100 dollars of revenue, it generated $0.13 of operating income.
Determining Allegheny Technologies' profitability involves analyzing its financial statements and using various financial metrics to determine if Allegheny Technologies is a good buy. For example, gross profit margin measures Allegheny Technologies' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Allegheny Technologies' profitability and make more informed investment decisions.

Allegheny Technologies' Earnings Breakdown by Geography

Evaluate Allegheny Technologies' management efficiency

Allegheny Technologies has Return on Asset of 0.0557 % which means that on every $100 spent on assets, it made $0.0557 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.2386 %, implying that it generated $0.2386 on every 100 dollars invested. Allegheny Technologies' management efficiency ratios could be used to measure how well Allegheny Technologies manages its routine affairs as well as how well it operates its assets and liabilities. As of now, Allegheny Technologies' Return On Tangible Assets are decreasing as compared to previous years. The Allegheny Technologies' current Return On Assets is estimated to increase to 0.09, while Return On Capital Employed is projected to decrease to 0.09. As of now, Allegheny Technologies' Net Tangible Assets are decreasing as compared to previous years. The Allegheny Technologies' current Return On Tangible Assets is estimated to increase to 0.09, while Total Assets are projected to decrease to under 4.6 B.
Last ReportedProjected for Next Year
Book Value Per Share 11.56  11.70 
Tangible Book Value Per Share 9.78  8.77 
Enterprise Value Over EBITDA 15.57  10.71 
Price Book Value Ratio 4.24  2.76 
Enterprise Value Multiple 15.57  10.71 
Price Fair Value 4.24  2.76 
Enterprise Value2.3 B2.4 B
Understanding the operational decisions made by Allegheny Technologies management offers insights into its financial robustness. This evaluation is crucial for assessing the stock's investment potential.
Beta
1.046

Basic technical analysis of Allegheny Stock

As of the 7th of November, Allegheny Technologies shows the Standard Deviation of 2.36, risk adjusted performance of 9.0E-4, and Mean Deviation of 1.54. Allegheny Technologies technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices.

Allegheny Technologies' insider trading activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Allegheny Technologies insiders, such as employees or executives, is commonly permitted as long as it does not rely on Allegheny Technologies' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Allegheny Technologies insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

Allegheny Technologies' Outstanding Corporate Bonds

Allegheny Technologies issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Allegheny Technologies uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Allegheny bonds can be classified according to their maturity, which is the date when Allegheny Technologies Incorporated has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.

Understand Allegheny Technologies' technical and predictive indicators

Using predictive indicators to make investment decisions involves analyzing Allegheny Technologies' various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.

Consider Allegheny Technologies' intraday indicators

Allegheny Technologies intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Allegheny Technologies stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Allegheny Technologies Corporate Filings

8K
29th of October 2024
Report filed with the SEC to announce major events that shareholders should know about
ViewVerify
13A
23rd of October 2024
An amended filing to the original Schedule 13G
ViewVerify
F4
18th of October 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
7th of June 2024
Other Reports
ViewVerify
Allegheny Technologies time-series forecasting models is one of many Allegheny Technologies' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Allegheny Technologies' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Allegheny Stock media impact

Far too much social signal, news, headlines, and media speculation about Allegheny Technologies that are available to investors today. That information is available publicly through Allegheny media outlets and privately through word of mouth or via Allegheny internal channels. However, regardless of the origin, that massive amount of Allegheny data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Allegheny Technologies news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Allegheny Technologies relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Allegheny Technologies' headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Allegheny Technologies alpha.

Allegheny Technologies Sentiment by Major News Outlets

Investor sentiment, mood or attitude towards Allegheny Technologies can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.

Allegheny Technologies Historical Investor Sentiment

Investor biases related to Allegheny Technologies' public news can be used to forecast risks associated with an investment in Allegheny. The trend in average sentiment can be used to explain how an investor holding Allegheny can time the market purely based on public headlines and social activities around Allegheny Technologies Incorporated. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Allegheny Technologies' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Allegheny Technologies and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Allegheny Technologies news discussions. The higher the estimate score, the more favorable the investor's outlook on Allegheny Technologies.

Allegheny Technologies Corporate Directors

John PipskiIndependent DirectorProfile
Marianne KahIndependent DirectorProfile
Carolyn CorviIndependent DirectorProfile
Herbert CarlisleIndependent DirectorProfile

Already Invested in Allegheny Technologies Incorporated?

The danger of trading Allegheny Technologies Incorporated is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Allegheny Technologies is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Allegheny Technologies. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Allegheny Technologies is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Allegheny Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Allegheny Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Allegheny Technologies Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Allegheny Technologies Incorporated Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allegheny Technologies Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Allegheny Technologies. If investors know Allegheny will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Allegheny Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.07)
Earnings Share
2.6
Revenue Per Share
33.577
Quarterly Revenue Growth
0.025
Return On Assets
0.0557
The market value of Allegheny Technologies is measured differently than its book value, which is the value of Allegheny that is recorded on the company's balance sheet. Investors also form their own opinion of Allegheny Technologies' value that differs from its market value or its book value, called intrinsic value, which is Allegheny Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Allegheny Technologies' market value can be influenced by many factors that don't directly affect Allegheny Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Allegheny Technologies' value and its price, as these two are different measures arrived at by various means. Investors typically determine if Allegheny Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allegheny Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.