ATI Inc. (NYSE:ATI) Receives $87.29 Consensus PT from Brokerages

Shares of ATI Inc. (NYSE:ATI) have earned an average rating of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $87.29.

ATI has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft set a $115.00 price target on ATI and gave the stock a “hold” rating in a research note on Tuesday, July 8th. KeyCorp cut ATI from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, May 20th. Citigroup raised shares of ATI to a “positive” rating in a research report on Tuesday, May 20th. BTIG Research set a $105.00 price objective on shares of ATI and gave the stock a “buy” rating in a research note on Wednesday, May 28th. Finally, Benchmark restated a “buy” rating and set a $81.00 target price on shares of ATI in a research report on Monday, April 21st.

Insider Buying and Selling at ATI

In related news, Chairman Robert S. Wetherbee sold 50,000 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $68.18, for a total value of $3,409,000.00. Following the completion of the sale, the chairman directly owned 506,538 shares of the company’s stock, valued at approximately $34,535,760.84. This represents a 8.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 195,359 shares of company stock worth $15,103,486. 1.10% of the stock is owned by insiders.

Hedge Funds Weigh In On ATI

Several large investors have recently added to or reduced their stakes in ATI. Signaturefd LLC raised its position in shares of ATI by 117.7% during the 2nd quarter. Signaturefd LLC now owns 381 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 206 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in ATI by 79.5% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 386 shares of the basic materials company’s stock worth $33,000 after buying an additional 171 shares in the last quarter. WPG Advisers LLC purchased a new stake in ATI in the 1st quarter worth $29,000. Golden State Wealth Management LLC raised its holdings in ATI by 104.1% during the first quarter. Golden State Wealth Management LLC now owns 596 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 304 shares during the period. Finally, Bessemer Group Inc. lifted its position in shares of ATI by 139.9% in the first quarter. Bessemer Group Inc. now owns 662 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 386 shares in the last quarter.

ATI Stock Down 0.0%

ATI opened at $94.10 on Monday. The stock has a market capitalization of $13.27 billion, a price-to-earnings ratio of 34.09, a PEG ratio of 1.25 and a beta of 1.13. The firm has a 50 day moving average price of $85.91 and a 200-day moving average price of $67.03. ATI has a twelve month low of $39.23 and a twelve month high of $96.20. The company has a quick ratio of 1.30, a current ratio of 2.53 and a debt-to-equity ratio of 0.86.

ATI (NYSE:ATI) last posted its earnings results on Thursday, May 1st. The basic materials company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.14. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.07 billion. ATI had a net margin of 8.93% and a return on equity of 21.37%. The firm’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.48 EPS. Equities research analysts forecast that ATI will post 2.89 earnings per share 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.