ATI Inc. (NYSE:ATI) Receives $62.60 Consensus Price Target from Analysts

ATI Inc. (NYSE:ATI) has earned a consensus rating of “Moderate Buy” from the five analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $62.60.

Several equities analysts have weighed in on the company. Northcoast Research lowered ATI from a “neutral” rating to a “sell” rating in a research note on Friday, June 14th. KeyCorp increased their target price on ATI from $58.00 to $66.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. Barclays raised their price target on ATI from $55.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, May 6th. Finally, Deutsche Bank Aktiengesellschaft began coverage on ATI in a research report on Thursday, April 11th. They set a “buy” rating and a $70.00 price target on the stock.

ATI Price Performance

Shares of ATI stock opened at $55.16 on Friday. The stock’s fifty day moving average is $57.25 and its 200-day moving average is $49.87. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.37 and a current ratio of 2.81. The stock has a market capitalization of $6.86 billion, a PE ratio of 22.15, a PEG ratio of 1.37 and a beta of 1.12. ATI has a 52 week low of $35.03 and a 52 week high of $62.44.

ATI (NYSE:ATI) last announced its earnings results on Tuesday, April 30th. The basic materials company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.41 by $0.07. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. ATI had a return on equity of 23.72% and a net margin of 8.70%. The business’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.49 earnings per share. Equities research analysts expect that ATI will post 2.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ATI. Covestor Ltd grew its holdings in shares of ATI by 73.1% during the third quarter. Covestor Ltd now owns 1,044 shares of the basic materials company’s stock worth $43,000 after buying an additional 441 shares in the last quarter. Benjamin F. Edwards & Company Inc. bought a new position in ATI in the first quarter valued at approximately $51,000. GAMMA Investing LLC bought a new position in ATI in the fourth quarter valued at approximately $58,000. EverSource Wealth Advisors LLC grew its stake in ATI by 294.5% in the first quarter. EverSource Wealth Advisors LLC now owns 1,353 shares of the basic materials company’s stock valued at $69,000 after purchasing an additional 1,010 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. grew its stake in ATI by 211.5% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 2,651 shares of the basic materials company’s stock valued at $121,000 after purchasing an additional 1,800 shares in the last quarter.

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.