Brokerages Set ATI Inc. (NYSE:ATI) Target Price at $87.29

Key Points

• ATI Inc. has received a consensus recommendation of "Moderate Buy" from eight research firms, with six analysts suggesting a buy and two a hold on the stock.
• The average twelve-month price target set by analysts for ATI is $87.29, reflecting optimism about the company's future performance.
• Recent earnings results reported strong performance with ATI posting $0.72 EPS, significantly higher than the expected $0.58, demonstrating a positive trend in revenue growth.

ATI Inc. (NYSE:ATI - Get Free Report) has earned an average recommendation of "Moderate Buy" from the eight brokerages that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $87.29.

ATI has been the subject of a number of research reports. Benchmark reissued a "buy" rating and set a $81.00 target price on shares of ATI in a report on Monday, April 21st. BTIG Research set a $105.00 target price on ATI and gave the stock a "buy" rating in a report on Wednesday, May 28th. KeyCorp downgraded ATI from an "overweight" rating to a "sector weight" rating in a report on Tuesday, May 20th. Deutsche Bank Aktiengesellschaft set a $115.00 target price on ATI and gave the stock a "hold" rating in a report on Tuesday, July 8th. Finally, Citigroup raised ATI to a "positive" rating in a report on Tuesday, May 20th.

Insider Buying and Selling

In other ATI news, Chairman Robert S. Wetherbee sold 50,000 shares of ATI stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $68.18, for a total value of $3,409,000.00. Following the transaction, the chairman owned 506,538 shares in the company, valued at $34,535,760.84. The trade was a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 195,359 shares of company stock valued at $15,103,486 over the last three months. 1.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. WPG Advisers LLC bought a new position in ATI in the first quarter valued at about $29,000. Golden State Wealth Management LLC grew its position in ATI by 104.1% in the first quarter. Golden State Wealth Management LLC now owns 596 shares of the basic materials company's stock valued at $31,000 after acquiring an additional 304 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in ATI by 79.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 386 shares of the basic materials company's stock valued at $33,000 after acquiring an additional 171 shares during the last quarter. Signaturefd LLC grew its position in ATI by 117.7% in the second quarter. Signaturefd LLC now owns 381 shares of the basic materials company's stock valued at $33,000 after acquiring an additional 206 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in ATI by 139.9% in the first quarter. Bessemer Group Inc. now owns 662 shares of the basic materials company's stock valued at $34,000 after acquiring an additional 386 shares during the last quarter.

ATI Stock Down 17.2%

Shares of NYSE ATI traded down $16.24 during trading hours on Monday, hitting $78.01. The company had a trading volume of 2,587,537 shares, compared to its average volume of 2,023,767. The stock has a market capitalization of $11.00 billion, a P/E ratio of 28.33, a price-to-earnings-growth ratio of 1.25 and a beta of 1.13. The company has a quick ratio of 1.30, a current ratio of 2.53 and a debt-to-equity ratio of 0.86. ATI has a 1-year low of $39.23 and a 1-year high of $96.20. The firm's 50 day moving average is $85.91 and its 200-day moving average is $67.03.

ATI (NYSE:ATI - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.70 by $0.04. ATI had a return on equity of 21.37% and a net margin of 8.93%. During the same period in the prior year, the firm posted $0.60 earnings per share. The company's revenue was up 4.1% on a year-over-year basis. On average, analysts expect that ATI will post 2.89 earnings per share for the current fiscal year.

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.