ATI - ATI Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ATI in the last twelve months. There are currently 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ATI shares.
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7 Wall Street research analysts have issued twelve-month target prices 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 twelve months. This suggests a possible upside of 7.7% from the stock's current price.
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ATI's stock was trading at $15.93 at the beginning of 2022. Since then, ATI stock has increased by 75.8% and is now trading at $28.00.
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ATI saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 14,240,000 shares, an increase of 5.5% from the August 15th total of 13,500,000 shares. Based on an average daily trading volume, of 1,520,000 shares, the days-to-cover ratio is presently 9.4 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our ATI earnings forecast.

ATI Inc. (NYSE:ATI) posted its quarterly earnings data on Thursday, August, 4th. The basic materials company reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.17. The basic materials company 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 trailing twelve-month return on equity of 21.63%. The firm's revenue for the quarter was up 55.7% compared to the same quarter last year. During the same quarter last year, the business earned ($0.12) EPS.

ATI declared that its board has initiated a stock repurchase program 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 buy up to 5.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's management believes its stock is undervalued.

ATI updated its FY 2022 earnings guidance on Friday, September, 2nd. The company provided earnings per share guidance of $2.00-$2.14 for the period, compared to the consensus estimate of $1.55. 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 variety of retail and institutional investors. Top institutional investors 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.
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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 $28.00.

ATI (NYSE:ATI) has a market capitalization of $3.64 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.

The company employs 6,300 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.