ATI Inc. (NYSE:ATI) Given Consensus Rating of "Moderate Buy" by Brokerages

ATI Inc. (NYSE:ATI - Get Free Report) has earned an average recommendation of "Moderate Buy" from the nine ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $78.29.

Several equities research analysts have issued reports on the company. BTIG Research set a $105.00 price target on ATI and gave the company a "buy" rating in a report on Wednesday, May 28th. Benchmark reissued a "buy" rating and set a $81.00 target price on shares of ATI in a report on Monday, April 21st. KeyCorp downgraded ATI from an "overweight" rating to a "sector weight" rating in a report on Tuesday, May 20th. Barclays lifted their target price on ATI from $70.00 to $75.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Finally, Citigroup raised ATI to a "positive" rating in a report on Tuesday, May 20th.

ATI Trading Up 1.5%

Shares of ATI stock opened at $84.04 on Friday. The business has a fifty day simple moving average of $62.78 and a two-hundred day simple moving average of $58.93. ATI has a 1 year low of $39.23 and a 1 year high of $84.28. The company has a market capitalization of $11.86 billion, a price-to-earnings ratio of 32.96, a P/E/G ratio of 0.85 and a beta of 1.13. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.44 and a quick ratio of 1.32.

ATI (NYSE:ATI - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.14. ATI had a return on equity of 21.16% and a net margin of 8.43%. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the firm posted $0.48 EPS. The company's quarterly revenue was up 9.7% on a year-over-year basis. Research analysts forecast that ATI will post 2.89 EPS for the current year.

Insider Activity at ATI

In related news, Chairman Robert S. Wetherbee sold 50,000 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $81.64, for a total value of $4,082,000.00. Following the completion of the transaction, the chairman now owns 406,538 shares of the company's stock, valued at $33,189,762.32. The trade was a 10.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 145,359 shares of company stock valued at $10,906,986 over the last quarter. 1.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Evergreen Capital Management LLC raised its stake in ATI by 2.3% in the first quarter. Evergreen Capital Management LLC now owns 7,931 shares of the basic materials company's stock valued at $413,000 after purchasing an additional 176 shares in the last quarter. CIBC Asset Management Inc raised its stake in ATI by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 3,915 shares of the basic materials company's stock worth $215,000 after acquiring an additional 192 shares in the last quarter. Keystone Financial Group raised its stake in ATI by 5.3% during the fourth quarter. Keystone Financial Group now owns 3,950 shares of the basic materials company's stock worth $217,000 after acquiring an additional 200 shares in the last quarter. Pier 88 Investment Partners LLC raised its stake in ATI by 3.0% during the fourth quarter. Pier 88 Investment Partners LLC now owns 7,620 shares of the basic materials company's stock worth $419,000 after acquiring an additional 220 shares in the last quarter. Finally, Maven Securities LTD raised its stake in ATI by 4.4% during the first quarter. Maven Securities LTD now owns 5,848 shares of the basic materials company's stock worth $304,000 after acquiring an additional 248 shares in the last quarter.

About ATI

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.

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