ATI - ATI Stock Forecast, Price & News

ATI Inc. manufactures and sells specialty materials and components worldwide. The company 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, 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. The segment serves aerospace and defense, medical, and energy markets. The AA&S segment produces zirconium and related alloys, including hafnium and niobium, nickel-based alloys, titanium and titanium-based alloys, and specialty alloys in a variety of forms, such as plate, sheet, and precision rolled strip products. It also provides hot-rolling conversion services, including carbon steel products, and titanium products. This segment offers its solutions to the energy, aerospace and defense, automotive, and electronics markets. The company was formerly known as Allegheny Technologies Incorporated. ATI Inc. was founded in 1960 and is headquartered in Dallas, Texas.

Analysts Set New Price Targets

A number of research analysts have weighed in on ATI shares. KeyCorp boosted their target price on shares of ATI from $31.00 to $33.00 and gave the stock an "overweight" rating in a research report on Friday, August 5th. Wolfe Research raised shares of ATI from a "peer perform" rating to an "outperform" rating and set a $33.00 price target for the company in a research report on Friday, August 5th. Finally, Benchmark increased their price target on shares of ATI to $37.00 in a research report on Tuesday, August 9th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $30.14.

ATI Price Performance

ATI Stock traded up $0.74 during trading hours on Tuesday, hitting $32.79. 49,949 shares of the stock were exchanged, compared to its average volume of 1,667,697. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.30 and a current ratio of 2.89. The stock has a market capitalization of $4.26 billion, a P/E ratio of 822.96 and a beta of 1.31. ATI has a 12 month low of $13.85 and a 12 month high of $32.09. The business's 50-day moving average is $24.50 and its two-hundred day moving average is $25.63.

ATI (NYSE:ATI - Get Rating) last issued its quarterly earnings data on Thursday, August 4th. The basic materials company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.17. The firm had revenue of $959.50 million for the quarter, compared to analysts' expectations of $837.33 million. ATI had a net margin of 0.36% and a return on equity of 21.63%. The company's quarterly revenue was up 55.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.12) earnings per share. Equities research analysts expect that ATI will post 2.05 EPS for the current fiscal year.

Insider Activity

In other ATI news, CAO Karl D. Schwartz sold 2,000 shares of the firm's stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $25.00, for a total value of $50,000.00. Following the transaction, the chief accounting officer now directly owns 64,833 shares of the company's stock, valued at $1,620,825. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other ATI news, CAO Karl D. Schwartz sold 2,000 shares of the firm's stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $25.00, for a total value of $50,000.00. Following the transaction, the chief accounting officer now directly owns 64,833 shares of the company's stock, valued at $1,620,825. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director James C. Diggs sold 12,500 shares of the firm's stock in a transaction that occurred on Tuesday, July 19th. The shares were sold at an average price of $24.00, for a total transaction of $300,000.00. Following the completion of the transaction, the director now directly owns 46,060 shares in the company, valued at $1,105,440. The disclosure for this sale can be found here. Insiders have sold 15,500 shares of company stock valued at $381,220 over the last three months. 0.82% of the stock is owned by insiders.