ATI Inc. (NYSE:ATI) Receives $73.71 Average PT from Brokerages

ATI Inc. (NYSE:ATI) has been assigned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $74.14.

ATI has been the topic of a number of recent analyst reports. StockNews.com cut shares of ATI from a “hold” rating to a “sell” rating in a report on Wednesday, January 29th. Susquehanna increased their price objective on ATI from $70.00 to $73.00 and gave the company a “positive” rating in a report on Wednesday. Finally, KeyCorp lowered ATI from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th.

ATI Stock Performance

ATI stock opened at $65.76 on Monday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.44 and a current ratio of 2.94. The company has a 50 day moving average price of $57.14 and a 200-day moving average price of $60.20. The company has a market capitalization of $9.38 billion, a PE ratio of 25.29, a P/E/G ratio of 1.52 and a beta of 1.10. ATI has a fifty-two week low of $38.42 and a fifty-two week high of $68.92.

ATI (NYSE:ATI) last announced its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.19. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.07 billion. ATI had a return on equity of 21.39% and a net margin of 8.85%. The business’s revenue was up 10.2% compared to the same quarter last year. During the same period last year, the business posted $0.64 EPS. As a group, equities analysts forecast that ATI will post 2.28 earnings per share for the current year.

Insiders Place Their Bets

In related news, SVP Tina Killough Busch sold 2,598 shares of ATI stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $60.02, for a total value of $155,931.96. Following the sale, the senior vice president now directly owns 21,553 shares in the company, valued at approximately $1,293,611.06. The trade was a 10.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Robert S. Wetherbee sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $58.99, for a total value of $1,474,750.00. Following the sale, the chairman now owns 436,443 shares of the company’s stock, valued at approximately $25,745,772.57. This trade represents a 5.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.05% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ATI

Large investors have recently modified their holdings of the business. Mountaineer Partners Management LLC increased its holdings in shares of ATI by 4,401.2% in the third quarter. Mountaineer Partners Management LLC now owns 9,410,891 shares of the basic materials company’s stock valued at $629,683,000 after purchasing an additional 9,201,818 shares during the last quarter. Forest Avenue Capital Management LP acquired a new stake in shares of ATI in the third quarter valued at $28,700,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of ATI by 177.7% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 451,982 shares of the basic materials company’s stock valued at $30,242,000 after buying an additional 289,229 shares during the period. Holocene Advisors LP acquired a new position in ATI during the 3rd quarter worth about $18,928,000. Finally, Artemis Investment Management LLP acquired a new position in ATI in the 4th quarter valued at about $8,103,000.

ATI Company Profile

ATI Inc produces and sells specialty materials and complex components worldwide. It 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, metallic powder alloys, 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.