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NYSE:ATI

ATI - ATI Stock Forecast, Price & News

$32.46
+0.41 (+1.28%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
$32.23
$32.99
50-Day Range
$20.96
$32.46
52-Week Range
$13.85
$32.99
Volume
1.36 million shs
Average Volume
2.04 million shs
Market Capitalization
$4.22 billion
P/E Ratio
811.70
Dividend Yield
N/A
Price Target
$30.14

ATI MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
7.1% Downside
$30.14 Price Target
Short Interest
Bearish
10.96% of Float Sold Short
Dividend Strength
N/A
Sustainability
-5.76
Upright™ Environmental Score
News Sentiment
0.41mentions of ATI in the last 14 days
Based on 18 Articles This Week
Insider Trading
Selling Shares
$381,220 Sold Last Quarter
Proj. Earnings Growth
-3.90%
From $2.05 to $1.97 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

0.93 out of 5 stars

Basic Materials Sector

170th out of 170 stocks

Steel Pipe & Tubes Industry

3rd out of 3 stocks

ATI stock logo

About ATI (NYSE:ATI) Stock

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.

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ATI Stock News Headlines

ATI Reaches Analyst Target Price - Nasdaq
ATI (NYSE:ATI) PT Raised to $37.00
KeyCorp Boosts ATI (NYSE:ATI) Price Target to $33.00
ATI (NYSE:ATI) Lifted to "Outperform" at Wolfe Research
ATI (NYSE:ATI) Shares Gap Up Following Strong Earnings
See More Headlines
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ATI Company Calendar

Last Earnings
8/04/2022
Today
8/16/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Steel pipe & tubes
Sub-Industry
Steel
CUSIP
01741R10
Employees
6,300
Year Founded
1996

Price Target and Rating

Average Stock Price Forecast
$30.14
High Stock Price Forecast
$37.00
Low Stock Price Forecast
$23.00
Forecasted Upside/Downside
-7.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
7 Analysts

Profitability

Net Income
$-38,200,000.00
Pretax Margin
1.74%

Debt

Sales & Book Value

Annual Sales
$2.80 billion
Cash Flow
$1.31 per share
Book Value
$6.54 per share

Miscellaneous

Free Float
128,837,000
Market Cap
$4.22 billion
Optionable
Optionable
Beta
1.31

Social Links















ATI Stock - Frequently Asked Questions

Should I buy or sell ATI stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ATI in the last year. There are currently 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ATI shares.
View ATI analyst ratings
or view top-rated stocks.

What is ATI's stock price forecast for 2022?

7 Wall Street research analysts have issued 12-month price targets for ATI's shares. Their ATI share price forecasts range from $23.00 to $37.00. On average, they predict the company's share price to reach $30.14 in the next year. This suggests that the stock has a possible downside of 7.1%.
View analysts price targets for ATI
or view top-rated stocks among Wall Street analysts.

How have ATI shares performed in 2022?

ATI's stock was trading at $15.93 at the start of the year. Since then, ATI shares have increased by 103.8% and is now trading at $32.46.
View the best growth stocks for 2022 here
.

Are investors shorting ATI?

ATI saw a decrease in short interest during the month of June. As of June 30th, there was short interest totaling 13,170,000 shares, a decrease of 24.5% from the June 15th total of 17,440,000 shares. Based on an average daily trading volume, of 1,710,000 shares, the short-interest ratio is presently 7.7 days. Approximately 10.8% of the shares of the company are sold short.
View ATI's Short Interest
.

When is ATI's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our ATI earnings forecast
.

How were ATI's earnings last quarter?

ATI Inc. (NYSE:ATI) posted its quarterly earnings results 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 basic materials company earned $959.50 million during the quarter, compared to the consensus estimate of $837.33 million. ATI had a net margin of 0.36% and a trailing twelve-month return on equity of 21.63%. ATI's revenue was up 55.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.12) EPS.

How will ATI's stock buyback program work?

ATI declared that its board has authorized a share repurchase program on Wednesday, February 2nd 2022, which permits the company to buyback $150,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 5.4% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its stock is undervalued.

What guidance has ATI issued on next quarter's earnings?

ATI updated its FY 2022 earnings guidance on Friday, August, 12th. The company provided earnings per share guidance of $2.00-$2.14 for the period, compared to the consensus EPS estimate of $1.55. The company issued revenue guidance of -.

What is Robert S. Wetherbee's approval rating as ATI's CEO?

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.

What other stocks do shareholders of ATI own?

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).

What is ATI's stock symbol?

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

Who are ATI's major shareholders?

ATI's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Driehaus Capital Management LLC (1.83%), Bowen Hanes & Co. Inc. (1.15%), Kennedy Capital Management Inc. (0.38%), Centre Asset Management LLC (0.26%), Wedge Capital Management L L P NC (0.20%) and New York State Teachers Retirement System (0.15%). 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, Marianne Kah and Robert S Wetherbee.
View institutional ownership trends
.

How do I buy shares of ATI?

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.
Compare Top Brokerages Here.

What is ATI's stock price today?

One share of ATI stock can currently be purchased for approximately $32.46.

How much money does ATI make?

ATI (NYSE:ATI) has a market capitalization of $4.22 billion and generates $2.80 billion in revenue each year. The basic materials company earns $-38,200,000.00 in net income (profit) each year or $0.04 on an earnings per share basis.

How many employees does ATI have?

The company employs 6,300 workers across the globe.

Does ATI have any subsidiaries?
The following companies are subsidiares of ATI: ALC Funding Corporation, ATI Flat Rolled Products Holdings LLC, ATI Ladish LLC, ATI Operating Holdings LLC, ATI Properties Inc., Addaero Manufacturing, Allegheny Ludlum LLC, Dynamic Flowform, Hanard Machine, J&L Specialty Steel, Ladish, Shanghai STAL Precision Stainless Steel Company Limited (1), TDY Holdings LLC, TDY Holdings Limited, and TDY Industries LLC.
Read More
When was ATI founded?

ATI was founded in 1996.

How can I contact ATI?

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.

This page (NYSE:ATI) was last updated on 8/16/2022 by MarketBeat.com Staff

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