Brokerages Set ATI Inc. (NYSE:ATI) PT at $52.80

Shares of ATI Inc. (NYSE:ATI - Get Free Report) have been assigned an average recommendation of "Buy" from the four ratings firms that are covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $52.80.

ATI has been the topic of several recent research reports. TheStreet upgraded ATI from a "c+" rating to a "b-" rating in a report on Friday, January 26th. KeyCorp upped their price objective on ATI from $49.00 to $56.00 and gave the company an "overweight" rating in a report on Wednesday, February 21st.

Insider Buying and Selling at ATI

In other ATI news, VP Timothy J. Harris sold 6,325 shares of the business's stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $42.44, for a total value of $268,433.00. Following the sale, the vice president now owns 109,331 shares of the company's stock, valued at $4,640,007.64. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.05% of the stock is owned by corporate insiders.

Institutional Trading of ATI

Large investors have recently modified their holdings of the stock. HighTower Advisors LLC acquired a new position in shares of ATI during the first quarter worth $263,000. Natixis Advisors L.P. acquired a new position in shares of ATI during the first quarter worth $570,000. MetLife Investment Management LLC grew its stake in shares of ATI by 70.4% during the first quarter. MetLife Investment Management LLC now owns 68,697 shares of the basic materials company's stock worth $1,844,000 after purchasing an additional 28,376 shares in the last quarter. Rhumbline Advisers grew its stake in shares of ATI by 4.4% during the first quarter. Rhumbline Advisers now owns 347,984 shares of the basic materials company's stock worth $9,340,000 after purchasing an additional 14,825 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in shares of ATI by 1.4% during the first quarter. Great West Life Assurance Co. Can now owns 110,936 shares of the basic materials company's stock worth $3,056,000 after purchasing an additional 1,480 shares in the last quarter.

ATI Price Performance

Shares of ATI stock traded down $0.03 on Tuesday, hitting $51.76. 863,629 shares of the company were exchanged, compared to its average volume of 1,338,683. The stock has a market capitalization of $6.44 billion, a price-to-earnings ratio of 20.62 and a beta of 1.22. The company has a 50-day moving average price of $47.26 and a 200 day moving average price of $43.77. ATI has a 1-year low of $34.10 and a 1-year high of $52.48. The company has a quick ratio of 1.53, a current ratio of 2.80 and a debt-to-equity ratio of 1.45.

ATI (NYSE:ATI - Get Free Report) last issued its earnings results on Thursday, February 1st. The basic materials company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. The business had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.05 billion. ATI had a return on equity of 24.64% and a net margin of 8.81%. The business's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 EPS. As a group, sell-side analysts predict that ATI will post 2.35 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.