Benchmark reissued their buy rating on shares of ATI (NYSE:ATI - Free Report) in a report published on Monday,Benzinga reports. Benchmark currently has a $81.00 price target on the basic materials company's stock.
Several other research firms have also recently issued reports on ATI. Susquehanna lifted their price objective on shares of ATI from $70.00 to $73.00 and gave the stock a "positive" rating in a research report on Wednesday, February 5th. StockNews.com raised ATI from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Finally, Barclays upped their price objective on ATI from $70.00 to $75.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $73.29.
Check Out Our Latest Stock Analysis on ATI
ATI Stock Up 1.1 %
Shares of NYSE ATI traded up $0.60 during mid-day trading on Monday, hitting $53.05. The company had a trading volume of 1,178,074 shares, compared to its average volume of 1,696,053. ATI has a 1-year low of $39.23 and a 1-year high of $68.92. The company has a market capitalization of $7.48 billion, a PE ratio of 20.80, a price-to-earnings-growth ratio of 0.85 and a beta of 0.80. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.44 and a quick ratio of 1.32. The business's 50-day simple moving average is $51.52 and its 200 day simple moving average is $56.01.
ATI (NYSE:ATI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.19. ATI had a return on equity of 21.16% and a net margin of 8.43%. The business had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.07 billion. During the same quarter last year, the business posted $0.64 EPS. The business's quarterly revenue was up 10.2% compared to the same quarter last year. On average, analysts predict that ATI will post 2.89 earnings per share for the current year.
Insider Activity
In other news, SVP Tina Killough Busch sold 9,900 shares of ATI stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $66.41, for a total value of $657,459.00. Following the transaction, the senior vice president now directly owns 25,994 shares of the company's stock, valued at $1,726,261.54. The trade was a 27.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.10% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. ORG Wealth Partners LLC purchased a new position in shares of ATI during the fourth quarter worth about $25,000. Golden State Wealth Management LLC lifted its position in ATI by 104.1% during the 1st quarter. Golden State Wealth Management LLC now owns 596 shares of the basic materials company's stock worth $31,000 after acquiring an additional 304 shares during the period. Bessemer Group Inc. lifted its position in ATI by 139.9% during the 1st quarter. Bessemer Group Inc. now owns 662 shares of the basic materials company's stock worth $34,000 after acquiring an additional 386 shares during the period. Fifth Third Bancorp grew its stake in shares of ATI by 115.7% in the 1st quarter. Fifth Third Bancorp now owns 1,124 shares of the basic materials company's stock valued at $58,000 after purchasing an additional 603 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of ATI by 418.1% in the first quarter. Farther Finance Advisors LLC now owns 1,316 shares of the basic materials company's stock valued at $69,000 after purchasing an additional 1,062 shares during the period.
About ATI
(
Get Free Report)
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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