ATI Inc. (NYSE:ATI) Receives $75.00 Average Price Target from Brokerages

Shares of ATI Inc. (NYSE:ATI) have been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $75.00.

ATI has been the topic of several analyst reports. Benchmark lifted their price objective on ATI from $80.00 to $81.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Barclays boosted their price objective on ATI from $70.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Susquehanna raised their target price on shares of ATI from $70.00 to $73.00 and gave the stock a “positive” rating in a report on Wednesday, February 5th. Finally, StockNews.com upgraded shares of ATI from a “sell” rating to a “hold” rating in a report on Thursday, February 6th.

Insider Buying and Selling at ATI

In related news, SVP Tina Killough Busch sold 9,900 shares of the business’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $66.41, for a total transaction of $657,459.00. Following the transaction, the senior vice president now owns 25,994 shares in the company, valued at $1,726,261.54. The trade was a 27.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.71% of the company’s stock.

Institutional Trading of ATI

Several large investors have recently bought and sold shares of ATI. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of ATI in the 3rd quarter valued at approximately $2,917,000. Charles Schwab Investment Management Inc. lifted its position in ATI by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,371,239 shares of the basic materials company’s stock valued at $91,750,000 after buying an additional 24,224 shares during the period. Cerity Partners LLC boosted its holdings in shares of ATI by 149.4% during the 3rd quarter. Cerity Partners LLC now owns 15,071 shares of the basic materials company’s stock valued at $1,008,000 after buying an additional 9,027 shares in the last quarter. Algert Global LLC grew its position in shares of ATI by 197.5% in the 3rd quarter. Algert Global LLC now owns 72,632 shares of the basic materials company’s stock worth $4,860,000 after buying an additional 48,220 shares during the period. Finally, Bank of Montreal Can increased its stake in shares of ATI by 38.4% in the 3rd quarter. Bank of Montreal Can now owns 157,254 shares of the basic materials company’s stock worth $10,421,000 after acquiring an additional 43,648 shares in the last quarter.

ATI Stock Performance

NYSE:ATI opened at $52.05 on Tuesday. ATI has a 1-year low of $47.90 and a 1-year high of $68.92. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.44 and a quick ratio of 1.32. The business has a 50 day moving average of $57.00 and a 200 day moving average of $58.41. The company has a market capitalization of $7.40 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 0.85 and a beta of 1.14.

ATI (NYSE:ATI) last released its earnings results on Tuesday, February 4th. The basic materials company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.60 by $0.19. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.07 billion. ATI had a net margin of 8.43% and a return on equity of 21.16%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.64 EPS. On average, sell-side analysts predict that ATI will post 2.89 earnings per share for the current fiscal year.

ATI Company Profile

ATI Inc produces and sells specialty materials and complex components worldwide. It 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, metallic powder alloys, 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.