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

Shares of ATI Inc. (NYSE:ATI) have received a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $75.00.

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

Insiders Place Their Bets

In other news, SVP Tina Killough Busch sold 9,900 shares of ATI stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $66.41, for a total transaction of $657,459.00. Following the sale, the senior vice president now owns 25,994 shares of the company’s stock, valued at approximately $1,726,261.54. The trade was a 27.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.71% of the stock is currently owned by corporate insiders.

Institutional Trading of ATI

Several hedge funds have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its stake in ATI by 14.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,563,062 shares of the basic materials company’s stock valued at $86,031,000 after buying an additional 191,823 shares during the period. Hantz Financial Services Inc. acquired a new position in shares of ATI in the third quarter worth about $765,000. Franklin Resources Inc. boosted its stake in ATI by 16.2% in the 3rd quarter. Franklin Resources Inc. now owns 445,746 shares of the basic materials company’s stock worth $27,993,000 after purchasing an additional 61,999 shares during the period. Covea Finance boosted its position in shares of ATI by 32.7% in the fourth quarter. Covea Finance now owns 65,000 shares of the basic materials company’s stock worth $3,578,000 after buying an additional 16,000 shares during the period. Finally, Forest Avenue Capital Management LP purchased a new position in ATI during the 3rd quarter valued at about $28,700,000.

ATI Stock Performance

ATI opened at $52.75 on Tuesday. ATI has a 1-year low of $47.90 and a 1-year high of $68.92. The stock has a market cap of $7.50 billion, a P/E ratio of 20.69, a P/E/G ratio of 0.85 and a beta of 1.14. The stock’s 50 day simple moving average is $57.22 and its 200 day simple moving average is $58.56. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.44 and a quick ratio of 1.32.

ATI (NYSE:ATI) last posted its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.19. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.07 billion. ATI had a return on equity of 21.16% and a net margin of 8.43%. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.64 earnings per share. As a group, equities analysts anticipate that ATI will post 2.89 EPS 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.