ATI Inc. (NYSE:ATI) Given Average Rating of “Moderate Buy” by Analysts

ATI Inc. (NYSE:ATI) has received an average rating of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $71.20.

Several equities analysts recently issued reports on ATI shares. Northcoast Research downgraded ATI from a “neutral” rating to a “sell” rating in a research report on Friday, June 14th. Barclays upped their target price on ATI from $55.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, May 6th. Deutsche Bank Aktiengesellschaft started coverage on ATI in a research report on Thursday, April 11th. They issued a “buy” rating and a $70.00 target price on the stock. Benchmark upped their target price on ATI from $56.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Finally, BTIG Research began coverage on shares of ATI in a report on Wednesday, June 26th. They issued a “buy” rating and a $70.00 price target on the stock.

Institutional Investors Weigh In On ATI

Several hedge funds have recently added to or reduced their stakes in ATI. Raymond James & Associates boosted its stake in shares of ATI by 318.6% during the 2nd quarter. Raymond James & Associates now owns 46,050 shares of the basic materials company’s stock worth $2,553,000 after acquiring an additional 35,048 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of ATI by 17.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 528,615 shares of the basic materials company’s stock worth $29,312,000 after acquiring an additional 79,285 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of ATI by 22.5% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 14,397 shares of the basic materials company’s stock worth $798,000 after acquiring an additional 2,646 shares in the last quarter. Friedenthal Financial purchased a new stake in shares of ATI during the 2nd quarter worth about $782,000. Finally, SG Americas Securities LLC boosted its stake in shares of ATI by 202.7% during the 2nd quarter. SG Americas Securities LLC now owns 27,450 shares of the basic materials company’s stock worth $1,522,000 after acquiring an additional 18,381 shares in the last quarter.

ATI Stock Performance

Shares of ATI stock opened at $59.28 on Thursday. The business’s fifty day simple moving average is $58.22 and its 200-day simple moving average is $51.70. The company has a market cap of $7.38 billion, a PE ratio of 23.81, a PEG ratio of 1.47 and a beta of 1.07. The company has a current ratio of 2.81, a quick ratio of 1.37 and a debt-to-equity ratio of 1.56. ATI has a 12-month low of $35.03 and a 12-month high of $62.44.

ATI (NYSE:ATI) last released its earnings results on Tuesday, April 30th. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.07. ATI had a return on equity of 23.72% and a net margin of 8.70%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the firm earned $0.49 EPS. The firm’s revenue was up .5% on a year-over-year basis. Analysts expect that ATI will post 2.46 earnings per share for the current fiscal year.

About ATI

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.