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S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
Massive Supercycle Investment Opportunities for 2022-2027 (Ad)pixel
'The Sacrifice Zone': Myanmar bears cost of green energy
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Closing prices for crude oil, gold and other commodities
Massive Supercycle Investment Opportunities for 2022-2027 (Ad)pixel
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Wall Street slips as weak earnings hit tech, travel stocks
Massive Supercycle Investment Opportunities for 2022-2027 (Ad)pixel
S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
Massive Supercycle Investment Opportunities for 2022-2027 (Ad)pixel
'The Sacrifice Zone': Myanmar bears cost of green energy
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Closing prices for crude oil, gold and other commodities
Massive Supercycle Investment Opportunities for 2022-2027 (Ad)pixel
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Wall Street slips as weak earnings hit tech, travel stocks
Massive Supercycle Investment Opportunities for 2022-2027 (Ad)pixel
S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
Massive Supercycle Investment Opportunities for 2022-2027 (Ad)pixel
'The Sacrifice Zone': Myanmar bears cost of green energy
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Closing prices for crude oil, gold and other commodities
Massive Supercycle Investment Opportunities for 2022-2027 (Ad)pixel
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Wall Street slips as weak earnings hit tech, travel stocks
Massive Supercycle Investment Opportunities for 2022-2027 (Ad)pixel
NYSE:ATI

ATI - ATI Stock Forecast, Price & News

$29.74
+0.83 (+2.87%)
(As of 08/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$28.81
$30.06
50-Day Range
$20.96
$29.74
52-Week Range
$13.85
$30.74
Volume
1.68 million shs
Average Volume
2.04 million shs
Market Capitalization
$3.86 billion
P/E Ratio
743.69
Dividend Yield
N/A
Price Target
$30.14

ATI MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
1.4% Upside
$30.14 Price Target
Short Interest
Bearish
10.88% of Float Sold Short
Dividend Strength
N/A
Sustainability
-5.76
Upright™ Environmental Score
News Sentiment
0.23mentions of ATI in the last 14 days
Based on 37 Articles This Week
Insider Trading
Selling Shares
$350,000 Sold Last Quarter
Proj. Earnings Growth
23.03%
From $1.52 to $1.87 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.19 out of 5 stars

Basic Materials Sector

162nd out of 166 stocks

Steel Pipe & Tubes Industry

3rd out of 3 stocks

ATI stock logo

About ATI (NYSE:ATI) Stock

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.

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ATI Stock News Headlines

KeyCorp Boosts ATI (NYSE:ATI) Price Target to $33.00
ATI (NYSE:ATI) Lifted to "Outperform" at Wolfe Research
ATI (NYSE:ATI) Shares Gap Up Following Strong Earnings
Recap: ATI Q2 Earnings
Alamo Cenotaph monument vandalized
ATI Announces Second Quarter 2022 Results
See More Headlines
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ATI Company Calendar

Last Earnings
8/04/2022
Today
8/09/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Steel pipe & tubes
Sub-Industry
Steel
CUSIP
01741R10
Employees
6,300
Year Founded
1996

Price Target and Rating

Average Stock Price Forecast
$30.14
High Stock Price Forecast
$37.00
Low Stock Price Forecast
$23.00
Forecasted Upside/Downside
+1.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
7 Analysts

Profitability

Net Income
$-38,200,000.00
Pretax Margin
1.74%

Debt

Sales & Book Value

Annual Sales
$2.80 billion
Cash Flow
$1.29 per share
Book Value
$6.54 per share

Miscellaneous

Free Float
128,837,000
Market Cap
$3.86 billion
Optionable
Optionable
Beta
1.31

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ATI Stock - Frequently Asked Questions

Should I buy or sell ATI stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ATI in the last year. There are currently 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ATI shares.
View ATI analyst ratings
or view top-rated stocks.

What is ATI's stock price forecast for 2022?

7 brokerages have issued 1 year price objectives for ATI's stock. 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 year. This suggests a possible upside of 1.4% from the stock's current price.
View analysts price targets for ATI
or view top-rated stocks among Wall Street analysts.

How has ATI's stock price performed in 2022?

ATI's stock was trading at $15.93 on January 1st, 2022. Since then, ATI shares have increased by 86.7% and is now trading at $29.74.
View the best growth stocks for 2022 here
.

Are investors shorting ATI?

ATI saw a drop in short interest during the month of June. As of June 30th, there was short interest totaling 13,170,000 shares, a drop of 24.5% from the June 15th total of 17,440,000 shares. Based on an average daily volume of 1,710,000 shares, the days-to-cover ratio is currently 7.7 days. Currently, 10.8% of the company's shares are sold short.
View ATI's Short Interest
.

When is ATI's next earnings date?

ATI is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our ATI earnings forecast
.

How were ATI's earnings last quarter?

ATI Inc. (NYSE:ATI) released 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 the consensus estimate of $837.33 million. ATI had a net margin of 0.36% and a trailing twelve-month return on equity of 21.63%. ATI's revenue was up 55.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.12) earnings per share.

How will ATI's stock buyback program work?

ATI announced that its Board of Directors has approved a stock repurchase program on Wednesday, February 2nd 2022, which allows the company to buyback $150,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 5.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its stock is undervalued.

What guidance has ATI issued on next quarter's earnings?

ATI updated its FY 2022 earnings guidance on Friday, August, 5th. The company provided EPS guidance of $2.00-$2.14 for the period, compared to the consensus estimate of $1.55. The company issued revenue guidance of -.

What is Robert S. Wetherbee's approval rating as ATI's CEO?

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.

What other stocks do shareholders of ATI own?

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).

What is ATI's stock symbol?

ATI trades on the New York Stock Exchange (NYSE) under the ticker symbol "ATI."

Who are ATI's major shareholders?

ATI's stock is owned by many different institutional and retail investors. Top institutional investors include Centre Asset Management LLC (0.26%), Wedge Capital Management L L P NC (0.20%), New York State Teachers Retirement System (0.15%), Comerica Bank (0.14%), Los Angeles Capital Management LLC (0.09%) and Yousif Capital Management LLC (0.08%). 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, Robert S Wetherbee and Timothy J Harris.
View institutional ownership trends
.

How do I buy shares of ATI?

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.
Compare Top Brokerages Here.

What is ATI's stock price today?

One share of ATI stock can currently be purchased for approximately $29.74.

How much money does ATI make?

ATI (NYSE:ATI) has a market capitalization of $3.86 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.

How many employees does ATI have?

ATI employs 6,300 workers across the globe.

Does ATI have any subsidiaries?

The following companies are subsidiares of ATI: ALC Funding Corporation, ATI Flat Rolled Products Holdings LLC, ATI Ladish LLC, ATI Operating Holdings LLC, ATI Properties Inc., Addaero Manufacturing, Allegheny Ludlum LLC, Dynamic Flowform, Hanard Machine, J&L Specialty Steel, Ladish, Shanghai STAL Precision Stainless Steel Company Limited (1), TDY Holdings LLC, TDY Holdings Limited, and TDY Industries LLC.
Read More

When was ATI founded?

ATI was founded in 1996.

How can I contact ATI?

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.

This page (NYSE:ATI) was last updated on 8/10/2022 by MarketBeat.com Staff

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