This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

10 Steel Stocks With Upside

10. Allegheny Technologies (ATI) is a diversified specialty metals producer with products ranging from alloys and product forms. The company's focus is on its technological and unsurpassed manufacturing capabilities to serve the global end-use markets with diversified and specialized product offerings.

For 2010, the company reported 33% increase in total sales to $4.05 billion. Net income increased to $70.7 million, or 72 cents per share, compared to $31.7 million, or 32 cents per share. The company recently went ex-dividend as per which shareholders will be eligible for a dividend of 18 cents per share.

For 2011, the company estimates revenue growth of 15% to 20% as compared to 2010 levels. Meanwhile, by segment, operating profit is pegged at 15% of sales compared to 8.8% recorded in 2010. The company's chairman and CEO added that ATI is likely to benefit from the ongoing market and product development activities through which they seek to launch innovative new ATI alloys. ATI estimates 2011 total titanium shipments to increase by approximately 30% to 50 million pounds. Capital expenditure for the year is forecasted at $300 to $350 million.

Of the 10 analysts covering the stock, 60% recommend a buy while 20% rate a hold on it. Analysts polled by Bloomberg envisage an average 12-month price target of $70.1 - about 7% higher than the stock's current price.
2 of 11

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
CHOP $0.00 0.00%
TX $18.78 -2.40%
AKS $4.14 -4.40%
GSI $1.35 1.50%
MUSA $58.30 -0.95%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs