ATI (NYSE:ATI) Price Target Increased to $58.00 by Analysts at KeyCorp

ATI (NYSE:ATI) had its price objective raised by KeyCorp from $56.00 to $58.00 in a research report sent to investors on Monday morning, Benzinga reports. They currently have an overweight rating on the basic materials company’s stock.

A number of other brokerages also recently weighed in on ATI. TheStreet upgraded ATI from a c+ rating to a b- rating in a report on Friday, January 26th. Deutsche Bank Aktiengesellschaft initiated coverage on ATI in a research report on Thursday, April 11th. They set a buy rating and a $70.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, ATI presently has a consensus rating of Moderate Buy and an average price target of $56.00.

ATI Stock Performance

Shares of NYSE ATI opened at $49.75 on Monday. ATI has a 52-week low of $34.10 and a 52-week high of $52.98. The company has a quick ratio of 1.53, a current ratio of 2.80 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $6.19 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 1.43 and a beta of 1.22. The stock’s fifty day simple moving average is $49.18 and its 200 day simple moving average is $44.39.

ATI (NYSE:ATI) last issued its quarterly earnings results on Thursday, February 1st. The basic materials company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. ATI had a return on equity of 24.64% and a net margin of 8.81%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the company posted $0.53 earnings per share. ATI’s revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, sell-side analysts forecast that ATI will post 2.26 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other ATI news, VP Timothy J. Harris sold 6,325 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $42.44, for a total value of $268,433.00. Following the completion of the sale, the vice president now owns 109,331 shares of the company’s stock, valued at $4,640,007.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.05% of the company’s stock.

Institutional Trading of ATI

A number of institutional investors and hedge funds have recently made changes to their positions in ATI. Clearstead Advisors LLC lifted its position in shares of ATI by 295.9% in the third quarter. Clearstead Advisors LLC now owns 669 shares of the basic materials company’s stock worth $28,000 after buying an additional 500 shares during the last quarter. Covestor Ltd lifted its position in shares of ATI by 73.1% during the 3rd quarter. Covestor Ltd now owns 1,044 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 441 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of ATI during the 4th quarter worth about $58,000. Edmond DE Rothschild Holding S.A. lifted its position in shares of ATI by 211.5% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 2,651 shares of the basic materials company’s stock worth $121,000 after purchasing an additional 1,800 shares during the last quarter. Finally, Quest Partners LLC acquired a new position in shares of ATI during the 4th quarter worth about $174,000.

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.