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.
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5 Wall Street research analysts have issued 1 year price targets for ATI's stock. Their ATI share price forecasts range from $33.00 to $47.00. On average, they predict the company's share price to reach $43.00 in the next year. This suggests a possible upside of 14.0% 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 26.4% and is now trading at $37.73.
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ATI saw a decline in short interest in the month of February. As of February 15th, there was short interest totaling 9,910,000 shares, a decline of 23.2% from the January 31st total of 12,910,000 shares. Based on an average trading volume of 1,360,000 shares, the days-to-cover ratio is presently 7.3 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
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ATI Inc. (NYSE:ATI) announced its earnings results on Thursday, February, 2nd. The basic materials company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.01. The basic materials company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.01 billion. ATI had a net margin of 3.41% and a trailing twelve-month return on equity of 30.40%. The company's revenue for the quarter was up 32.0% on a year-over-year basis. During the same quarter last year, the company earned $0.25 earnings per share.

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), Direxion Daily Metal Miners Bull 2X Shares (MNM), Invesco S&P SmallCap Momentum ETF (XSMO), Innovator IBD Breakout Opportunities ETF (BOUT), Invesco DWA Basic Materials Momentum ETF (PYZ) and Alpha Architect U.S. Quantitative Momentum ETF (QMOM).

ATI announced that its board has authorized a share 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 reacquire up to 5.4% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

ATI updated its first quarter 2023 earnings guidance on Friday, February, 3rd. The company provided earnings per share guidance of $0.45-$0.51 for the period, compared to the consensus EPS estimate of $0.46. 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 retail and institutional investors. Top institutional shareholders include Alliancebernstein L.P. (5.44%), Dimensional Fund Advisors LP (1.94%), Barrow Hanley Mewhinney & Strauss LLC (1.87%), Geode Capital Management LLC (1.74%), Driehaus Capital Management LLC (1.60%) and Norges Bank (1.30%). 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 $37.73.

ATI (NYSE:ATI) has a market capitalization of $4.85 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 $0.87 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.