ATI Inc. (NYSE:ATI) Receives $73.71 Average Target Price from Analysts

Shares of ATI Inc. (NYSE:ATI) have been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $73.71.

A number of research analysts have commented on ATI shares. StockNews.com cut ATI from a “hold” rating to a “sell” rating in a research note on Thursday, January 9th. Susquehanna lowered their price objective on shares of ATI from $75.00 to $70.00 and set a “positive” rating for the company in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of ATI from $81.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Finally, KeyCorp lowered shares of ATI from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th.

Insider Transactions at ATI

In other news, SVP Tina Killough Busch sold 2,598 shares of ATI stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $60.02, for a total value of $155,931.96. Following the completion of the transaction, the senior vice president now owns 21,553 shares in the company, valued at approximately $1,293,611.06. This trade represents a 10.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Robert S. Wetherbee sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $58.99, for a total value of $1,474,750.00. Following the completion of the sale, the chairman now owns 436,443 shares of the company’s stock, valued at $25,745,772.57. This trade represents a 5.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.05% of the company’s stock.

Institutional Trading of ATI

A number of institutional investors and hedge funds have recently modified their holdings of the business. Quest Partners LLC bought a new stake in shares of ATI during the 2nd quarter valued at about $88,000. Choreo LLC bought a new stake in shares of ATI in the 2nd quarter worth approximately $343,000. Texas Permanent School Fund Corp boosted its position in ATI by 9.7% during the 2nd quarter. Texas Permanent School Fund Corp now owns 122,528 shares of the basic materials company’s stock valued at $6,794,000 after purchasing an additional 10,874 shares during the period. Headlands Technologies LLC bought a new position in ATI during the 2nd quarter worth $455,000. Finally, ClariVest Asset Management LLC grew its stake in ATI by 18.0% during the 2nd quarter. ClariVest Asset Management LLC now owns 38,420 shares of the basic materials company’s stock worth $2,130,000 after buying an additional 5,873 shares during the last quarter.

ATI Trading Up 1.0 %

NYSE ATI opened at $57.06 on Thursday. The firm has a market capitalization of $8.14 billion, a price-to-earnings ratio of 21.95, a PEG ratio of 1.47 and a beta of 1.12. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.44 and a current ratio of 2.94. ATI has a one year low of $38.04 and a one year high of $68.92. The company’s 50 day moving average price is $57.04 and its 200 day moving average price is $60.14.

ATI (NYSE:ATI) last issued its earnings results on Tuesday, October 29th. The basic materials company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.06). ATI had a net margin of 8.85% and a return on equity of 21.39%. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the prior year, the business posted $0.55 EPS. The business’s revenue was up 2.5% on a year-over-year basis. On average, sell-side analysts predict that ATI will post 2.28 EPS for the current 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.