ATI (ATI) Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ATI in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ATI shares.
View ATI analyst ratings or view top-rated stocks.

5 Wall Street research analysts have issued 12 month price targets for ATI's stock. Their ATI share price forecasts range from $33.00 to $50.00. On average, they predict the company's share price to reach $44.00 in the next twelve months. This suggests a possible upside of 27.2% 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 stock has increased by 15.8% and is now trading at $34.58.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our ATI earnings forecast.

ATI Inc. (NYSE:ATI) issued its earnings results on Thursday, May, 4th. The basic materials company reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.02. The basic materials company earned $1.04 billion during the quarter, compared to analysts' expectations of $1.01 billion. ATI had a trailing twelve-month return on equity of 28.75% and a net margin of 4.21%. ATI's revenue for the quarter was up 24.5% compared to the same quarter last year. During the same period last year, the business posted $0.40 EPS.

ETFs with the largest weight of ATI (NYSE:ATI) stock in their portfolio include Invesco S&P SmallCap Materials ETF (PSCM), SPDR S&P Metals & Mining ETF (XME), VanEck Steel ETF (SLX), Invesco S&P SmallCap Momentum ETF (XSMO), Direxion Daily Metal Miners Bull 2X Shares (MNM), Invesco DWA Basic Materials Momentum ETF (PYZ), WisdomTree U.S. Growth & Momentum Fund (WGRO) and Alpha Architect U.S. Quantitative Momentum ETF (QMOM).

ATI (NYSE:ATI) pays an annual dividend of $0.32 per share and currently has a dividend yield of 0.00%. The dividend payout ratio is 28.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ATI will have a dividend payout ratio of 11.47% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ATI.

ATI declared that its board has initiated a stock repurchase plan on Wednesday, February 2nd 2022, which permits the company to repurchase $150,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 5.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its stock is undervalued.

ATI issued an update on its second quarter 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share (EPS) guidance of $0.53-$0.59 for the period, compared to the consensus estimate of $0.54. 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 shareholders include State Street Corp (5.44%), Frontier Capital Management Co. LLC (2.80%), Ameriprise Financial Inc. (2.49%), Dimensional Fund Advisors LP (1.90%), Geode Capital Management LLC (1.83%) and Barrow Hanley Mewhinney & Strauss LLC (1.71%). 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 and Robert S Wetherbee.
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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 $34.58.

ATI (NYSE:ATI) has a market capitalization of $4.45 billion and generates $4.04 billion in revenue each year. The basic materials company earns $130.90 million in net income (profit) each year or $1.12 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.