ATI Inc. (NYSE:ATI - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the eight analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $78.29.
ATI has been the topic of several research reports. Citigroup upgraded ATI to a "positive" rating in a research note on Tuesday, May 20th. Benchmark reiterated a "buy" rating and set a $81.00 target price on shares of ATI in a research note on Monday, April 21st. KeyCorp downgraded shares of ATI from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, May 20th. Finally, BTIG Research set a $105.00 price target on shares of ATI and gave the company a "buy" rating in a report on Wednesday, May 28th.
Check Out Our Latest Research Report on ATI
ATI Stock Up 1.4%
Shares of ATI stock traded up $1.23 during mid-day trading on Thursday, reaching $86.85. 1,115,436 shares of the company were exchanged, compared to its average volume of 1,729,209. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.30 and a current ratio of 2.53. The business's 50 day simple moving average is $77.08 and its 200 day simple moving average is $62.31. The company has a market capitalization of $12.25 billion, a P/E ratio of 31.47, a P/E/G ratio of 1.20 and a beta of 1.13. ATI has a fifty-two week low of $39.23 and a fifty-two week high of $87.75.
ATI (NYSE:ATI - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.14. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.07 billion. ATI had a net margin of 8.93% and a return on equity of 21.37%. The firm's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period last year, the business earned $0.48 EPS. Research analysts predict that ATI will post 2.89 earnings per share for the current year.
Insider Activity at ATI
In related news, Chairman Robert S. Wetherbee sold 50,000 shares of ATI stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $68.18, for a total value of $3,409,000.00. Following the sale, the chairman directly owned 506,538 shares in the company, valued at $34,535,760.84. This trade represents a 8.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 195,359 shares of company stock worth $15,103,486 in the last three months. 1.10% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On ATI
Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp raised its stake in ATI by 1.5% during the 4th quarter. Bank of New York Mellon Corp now owns 891,152 shares of the basic materials company's stock valued at $49,049,000 after acquiring an additional 12,907 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of ATI during the fourth quarter valued at about $618,000. Smartleaf Asset Management LLC lifted its holdings in ATI by 236.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,406 shares of the basic materials company's stock worth $132,000 after purchasing an additional 1,690 shares during the period. Jones Financial Companies Lllp grew its position in ATI by 13.7% in the 4th quarter. Jones Financial Companies Lllp now owns 10,571 shares of the basic materials company's stock valued at $582,000 after buying an additional 1,274 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in ATI by 14.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,563,062 shares of the basic materials company's stock valued at $86,031,000 after buying an additional 191,823 shares in the last quarter.
About ATI
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Get Free ReportATI 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.
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