ATI (ATI) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ATI in the last year. There are currently 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ATI shares.
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6 equities research analysts have issued 1-year target prices for ATI's shares. Their ATI share price forecasts range from $45.00 to $54.00. On average, they expect the company's share price to reach $49.33 in the next twelve months. This suggests a possible upside of 19.4% from the stock's current price.
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ATI's stock was trading at $29.86 on January 1st, 2023. Since then, ATI stock has increased by 38.4% and is now trading at $41.33.
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ATI saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 7,370,000 shares, a decrease of 5.8% from the August 15th total of 7,820,000 shares. Based on an average daily volume of 1,010,000 shares, the days-to-cover ratio is currently 7.3 days. Approximately 5.8% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our ATI earnings forecast.

ATI Inc. (NYSE:ATI) posted its quarterly earnings data on Wednesday, August, 2nd. The basic materials company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.04. The basic materials company had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.05 billion. ATI had a trailing twelve-month return on equity of 26.99% and a net margin of 6.88%.

ETFs with the largest weight of ATI (NYSE:ATI) stock in their portfolio include Invesco S&P SmallCap Materials ETF (PSCM), VanEck Steel ETF (SLX), SPDR S&P Metals & Mining ETF (XME), Invesco S&P SmallCap Momentum ETF (XSMO), Direxion Daily Metals & Mining Bull 2X Shares (MNM), Tema American Reshoring ETF (RSHO), Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ) and Global X Autonomous & Electric Vehicles ETF (DRIV).

ATI announced that its board has authorized a stock repurchase plan on Wednesday, February 2nd 2022, which authorizes the company to repurchase $150,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 5.4% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

ATI issued an update on its third quarter 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share guidance of $0.51-$0.57 for the period, compared to the consensus estimate of $0.59. The company issued revenue guidance of -.

25 employees have rated ATI Chief Executive Officer Robert S. Wetherbee on Glassdoor.com. Robert S. Wetherbee has an approval rating of 92% among the company's employees. This puts Robert S. Wetherbee in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other ATI investors own include Intel (INTC), Cisco Systems (CSCO), Bank of America (BAC), Micron Technology (MU), Ford Motor (F), NVIDIA (NVDA), AT&T (T), Bristol-Myers Squibb (BMY), Pfizer (PFE) and Chesapeake Energy (CHKAQ).

ATI trades on the New York Stock Exchange (NYSE) under the ticker symbol "ATI."

ATI's stock is owned by a number of institutional and retail investors. Top institutional investors include Capital International Investors (11.82%), State Street Corp (5.07%), Alliancebernstein L.P. (3.25%), Frontier Capital Management Co. LLC (2.72%), Geode Capital Management LLC (1.93%) and Dimensional Fund Advisors LP (1.92%). Insiders that own company stock include Acquisition Sponsor I Fortress, Donald P Newman, Elliot S Davis, James C Diggs, Karl D Schwartz, Kevin B Kramer, Kevin B Kramer, Robert S Wetherbee and Timothy J Harris.
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Shares of ATI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ATI stock can currently be purchased for approximately $41.33.

ATI (NYSE:ATI) has a market capitalization of $5.31 billion and generates $3.84 billion in revenue each year. The basic materials company earns $130.90 million in net income (profit) each year or $1.95 on an earnings per share basis.

The company employs 6,700 workers across the globe.

ATI's mailing address is 1000 SIX PPG PLACE, PITTSBURGH PA, 15222. The official website for the company is www.atimetals.com. The basic materials company can be reached via phone at (412) 394-2800, via email at scott.minder@atimetals.com, or via fax at 412-394-3034.