ATI - ATI Stock Forecast, Price & News

ATI Inc. manufactures and sells specialty materials and components worldwide. The company operates in two segments: High Performance Materials & Components (HPMC) and Advanced Alloys & Solutions (AA&S). The HPMC segment produces various materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, advanced powder alloys and other specialty materials, in long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, and seamless tubes, as well as precision forgings, components, and machined parts. The segment serves aerospace and defense, medical, and energy markets. The AA&S segment produces zirconium and related alloys, including hafnium and niobium, nickel-based alloys, titanium and titanium-based alloys, and specialty alloys in a variety of forms, such as plate, sheet, and precision rolled strip products. It also provides hot-rolling conversion services, including carbon steel products, and titanium products. This segment offers its solutions to the energy, aerospace and defense, automotive, and electronics markets. The company was formerly known as Allegheny Technologies Incorporated. ATI Inc. was founded in 1960 and is headquartered in Dallas, Texas.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. KeyCorp raised their price objective on ATI from $31.00 to $33.00 and gave the stock an "overweight" rating in a research note on Friday. Wolfe Research raised ATI from a "peer perform" rating to an "outperform" rating and set a $33.00 price objective for the company in a research note on Friday. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $29.14.

ATI Stock Up 2.8 %

Shares of ATI Stock traded up $0.81 during midday trading on Tuesday, hitting $29.72. The company's stock had a trading volume of 49,121 shares, compared to its average volume of 1,431,731. The firm has a market capitalization of $3.86 billion, a P/E ratio of 722.93 and a beta of 1.31. The stock has a 50-day simple moving average of $24.15 and a 200-day simple moving average of $25.20. The company has a quick ratio of 1.30, a current ratio of 2.89 and a debt-to-equity ratio of 1.91. ATI has a 1-year low of $13.85 and a 1-year high of $30.74.

ATI (NYSE:ATI - Get Rating) last issued its earnings results on Thursday, August 4th. The basic materials company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.37 by $0.17. The business had revenue of $959.50 million during the quarter, compared to analysts' expectations of $837.33 million. ATI had a return on equity of 21.63% and a net margin of 0.36%. ATI's revenue was up 55.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.12) earnings per share. As a group, sell-side analysts expect that ATI will post 1.52 earnings per share for the current year.

Insider Activity at ATI

In related news, Director James C. Diggs sold 12,500 shares of ATI stock in a transaction on Tuesday, July 19th. The stock was sold at an average price of $24.00, for a total transaction of $300,000.00. Following the completion of the sale, the director now owns 46,060 shares of the company's stock, valued at $1,105,440. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CAO Karl D. Schwartz sold 2,000 shares of ATI stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $25.00, for a total transaction of $50,000.00. Following the completion of the sale, the chief accounting officer now owns 64,833 shares of the company's stock, valued at $1,620,825. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director James C. Diggs sold 12,500 shares of the firm's stock in a transaction dated Tuesday, July 19th. The shares were sold at an average price of $24.00, for a total value of $300,000.00. Following the transaction, the director now owns 46,060 shares in the company, valued at $1,105,440. The disclosure for this sale can be found here. Insiders own 0.82% of the company's stock.