ATI Inc. (NYSE:ATI) Given Consensus Recommendation of “Buy” by Analysts

ATI Inc. (NYSE:ATI) has been given an average recommendation of “Buy” by the five analysts that are currently covering the company, Marketbeat reports. Five analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $56.00.

Several analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of ATI in a research report on Thursday, April 11th. They set a “buy” rating and a $70.00 target price on the stock. TheStreet raised ATI from a “c+” rating to a “b-” rating in a research report on Friday, January 26th. Finally, KeyCorp raised their target price on ATI from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd.

ATI Stock Up 0.2 %

ATI stock opened at $58.18 on Friday. ATI has a 1-year low of $34.10 and a 1-year high of $61.58. The business has a fifty day moving average price of $50.52 and a 200-day moving average price of $45.10. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.81 and a quick ratio of 1.53. The stock has a market capitalization of $7.24 billion, a price-to-earnings ratio of 23.37, a PEG ratio of 1.54 and a beta of 1.17.

ATI (NYSE:ATI) last released its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.07. ATI had a return on equity of 23.72% and a net margin of 8.70%. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the business posted $0.49 earnings per share. The firm’s revenue was up .5% compared to the same quarter last year. Equities research analysts forecast that ATI will post 2.45 EPS for the current fiscal year.

Insider Buying and Selling at ATI

In other ATI news, VP Timothy J. Harris sold 6,325 shares of ATI stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $42.44, for a total transaction of $268,433.00. Following the completion of the transaction, the vice president now owns 109,331 shares in the company, valued at approximately $4,640,007.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.71% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On ATI

A number of hedge funds and other institutional investors have recently made changes to their positions in ATI. Frontier Capital Management Co. LLC boosted its holdings in ATI by 19.5% during the fourth quarter. Frontier Capital Management Co. LLC now owns 3,645,644 shares of the basic materials company’s stock worth $165,767,000 after buying an additional 594,644 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of ATI by 6.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,317,722 shares of the basic materials company’s stock worth $105,394,000 after acquiring an additional 139,694 shares in the last quarter. Palestra Capital Management LLC grew its position in shares of ATI by 839.0% during the 3rd quarter. Palestra Capital Management LLC now owns 2,190,728 shares of the basic materials company’s stock valued at $90,148,000 after acquiring an additional 1,957,416 shares during the period. Capital World Investors grew its position in shares of ATI by 0.4% during the 4th quarter. Capital World Investors now owns 1,974,652 shares of the basic materials company’s stock valued at $89,787,000 after acquiring an additional 7,716 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of ATI by 36.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,660,875 shares of the basic materials company’s stock valued at $68,345,000 after purchasing an additional 446,027 shares in the last quarter.

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.