ATI - ATI Stock Forecast, Price & News

5 Wall Street 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 analysts is that investors should "buy" ATI shares.
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5 Wall Street research analysts have issued 12 month target prices for ATI's shares. Their ATI share price forecasts range from $33.00 to $47.00. On average, they predict the company's stock price to reach $43.00 in the next twelve months. This suggests a possible upside of 12.9% from the stock's current price.
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ATI's stock was trading at $29.86 at the beginning of 2023. Since then, ATI stock has increased by 27.5% and is now trading at $38.08.
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ATI saw a drop in short interest during the month of February. As of February 15th, there was short interest totaling 9,910,000 shares, a drop 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 currently 7.3 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our ATI earnings forecast.

ATI Inc. (NYSE:ATI) posted its quarterly earnings results on Thursday, February, 2nd. The basic materials company reported $0.53 earnings per share (EPS) for the quarter, topping 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 firm's quarterly revenue was up 32.0% on a year-over-year basis. During the same period in the prior 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), Invesco DWA Basic Materials Momentum ETF (PYZ), Alpha Architect U.S. Quantitative Momentum ETF (QMOM) and Global X Autonomous & Electric Vehicles ETF (DRIV).

ATI declared that its board has initiated a share repurchase plan on Wednesday, February 2nd 2022, which authorizes the company to buyback $150,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 5.4% of its stock through open market purchases. Stock buyback plans are often a sign that the company's management believes its shares are undervalued.

ATI updated its first quarter 2023 earnings guidance on Friday, February, 3rd. The company provided EPS 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 many different 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 $38.08.

ATI (NYSE:ATI) has a market capitalization of $4.90 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.