Allegheny Technologies Shares Soar Amid Solid 1Q Earnings Release; FVE Unchanged at $23
Allegheny Technologies shares traded sharply higher after the company reported strong first-quarter results. Both reporting segments generated operating profits in the quarter, the first time this has been achieved since the third quarter of 2014. We've raised our near-term profit forecasts but, given that our long-term assumptions are unchanged, we maintain our $23 per share fair value estimate and narrow moat rating. Even after the rally, Allegheny shares continue to trade modestly below our e...Allegheny Technologies is a manufacturer of specialty materials and components. The company operates in two business segments: High Performance Materials and Components, which produces a range of specialty materials, parts and components for several main end markets, including aerospace and defense, medical, and energy; and Flat Rolled Products, which produces nickel-based alloys, specialty alloys, titanium and titanium-based alloys, and stainless steel in a variety of forms including plate, sheet, engineered strip, and Precision Rolled Strip? products.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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