ATI Stock Price, News & Analysis (NYSE:ATI)

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 brokers have issued 12-month target prices for ATI's shares. Their ATI share price targets range from $45.00 to $54.00. On average, they expect the company's share price to reach $49.17 in the next year. This suggests a possible upside of 11.1% from the stock's current price.
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ATI's stock was trading at $29.86 at the start of the year. Since then, ATI shares have increased by 48.2% and is now trading at $44.24.
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ATI saw a increase in short interest in November. As of November 15th, there was short interest totaling 7,880,000 shares, an increase of 6.9% from the October 31st total of 7,370,000 shares. Based on an average daily trading volume, of 1,070,000 shares, the days-to-cover ratio is currently 7.4 days. Approximately 6.3% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 1st 2024.
View our ATI earnings forecast.

ATI Inc. (NYSE:ATI) released its earnings results on Thursday, November, 2nd. The basic materials company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.03. The basic materials company earned $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. ATI had a trailing twelve-month return on equity of 24.94% and a net margin of 7.25%.

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 program on Wednesday, February 2nd 2022, which allows the company to buyback $150,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 5.4% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's management believes its shares are undervalued.

ATI issued an update on its fourth quarter 2023 earnings guidance on Friday, November, 3rd. The company provided earnings per share (EPS) guidance of $0.57-$0.67 for the period, compared to the consensus earnings per share estimate of $0.61. 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's stock is owned by a number of retail and institutional investors. Top institutional investors include FMR LLC (2.51%), Ameriprise Financial Inc. (2.38%), Palestra Capital Management LLC (1.72%), Channing Capital Management LLC (1.37%), Allspring Global Investments Holdings LLC (1.29%) and Charles Schwab Investment Management Inc. (1.23%). 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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