ATI (NYSE:ATI) Price Target Raised to $105.00 at Susquehanna

ATI (NYSE:ATI - Get Free Report) had its price target raised by stock analysts at Susquehanna from $73.00 to $105.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a "positive" rating on the basic materials company's stock. Susquehanna's price target points to a potential upside of 16.46% from the company's previous close.

Several other analysts have also recently issued reports on ATI. BTIG Research set a $105.00 price target on shares of ATI and gave the stock a "buy" rating in a research report on Wednesday, May 28th. Citigroup upgraded shares of ATI to a "positive" rating in a research note on Tuesday, May 20th. Deutsche Bank Aktiengesellschaft set a $115.00 price target on shares of ATI and gave the company a "hold" rating in a research note on Tuesday, July 8th. Benchmark restated a "buy" rating and issued a $81.00 price target on shares of ATI in a research report on Monday, April 21st. Finally, KeyCorp cut ATI from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, May 20th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, ATI has a consensus rating of "Moderate Buy" and a consensus target price of $87.29.

ATI Price Performance

NYSE:ATI opened at $90.16 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.53 and a quick ratio of 1.30. The firm has a market cap of $12.72 billion, a price-to-earnings ratio of 32.77, a price-to-earnings-growth ratio of 1.19 and a beta of 1.13. The company has a 50 day moving average price of $80.75 and a 200-day moving average price of $63.79. ATI has a 1-year low of $39.23 and a 1-year high of $91.96.

ATI (NYSE:ATI - Get Free Report) last released its earnings results on Thursday, May 1st. The basic materials company reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.14. The business 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 company's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.48 earnings per share. Equities research analysts forecast that ATI will post 2.89 EPS for the current year.

Insider Buying and Selling

In other ATI news, Chairman Robert S. Wetherbee sold 50,000 shares of the business's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $68.18, for a total transaction of $3,409,000.00. Following the completion of the transaction, the chairman owned 506,538 shares in the company, valued at approximately $34,535,760.84. The trade was a 8.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders sold 195,359 shares of company stock worth $15,103,486. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of ATI

Several institutional investors have recently modified their holdings of the company. Capital International Investors raised its position in ATI by 5.4% during the fourth quarter. Capital International Investors now owns 15,901,561 shares of the basic materials company's stock valued at $875,190,000 after buying an additional 817,182 shares during the period. Vanguard Group Inc. increased its position in ATI by 15.2% in the 4th quarter. Vanguard Group Inc. now owns 15,335,409 shares of the basic materials company's stock worth $844,061,000 after purchasing an additional 2,020,313 shares during the last quarter. Capital World Investors increased its position in ATI by 100.5% in the 4th quarter. Capital World Investors now owns 6,875,576 shares of the basic materials company's stock worth $378,432,000 after purchasing an additional 3,446,919 shares during the last quarter. Invesco Ltd. boosted its stake in shares of ATI by 3.3% during the 1st quarter. Invesco Ltd. now owns 4,850,439 shares of the basic materials company's stock worth $252,368,000 after acquiring an additional 153,939 shares in the last quarter. Finally, Dendur Capital LP boosted its stake in shares of ATI by 601.7% during the 4th quarter. Dendur Capital LP now owns 3,567,000 shares of the basic materials company's stock worth $196,328,000 after acquiring an additional 3,058,628 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.

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