ATI (NYSE:ATI) PT Raised to $58.00 at KeyCorp

ATI (NYSE:ATI) had its target price upped by research analysts at KeyCorp from $56.00 to $58.00 in a report issued on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the basic materials company’s stock. KeyCorp’s price objective would suggest a potential upside of 18.13% from the stock’s previous close.

ATI has been the topic of a number of other reports. TheStreet raised shares of ATI from a “c+” rating to a “b-” rating in a research note on Friday, January 26th. Deutsche Bank Aktiengesellschaft started coverage on shares of ATI in a research note on Thursday, April 11th. They issued a “buy” rating and a $70.00 target price on the stock. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $56.00.

ATI Trading Down 1.3 %

Shares of ATI stock opened at $49.10 on Monday. The firm has a market capitalization of $6.11 billion, a PE ratio of 19.56, a P/E/G ratio of 1.43 and a beta of 1.22. ATI has a twelve month low of $34.10 and a twelve month high of $52.98. The firm’s 50-day moving average price is $49.32 and its 200 day moving average price is $44.46. The company has a current ratio of 2.80, a quick ratio of 1.53 and a debt-to-equity ratio of 1.45.

ATI (NYSE:ATI) last released its earnings results on Thursday, February 1st. The basic materials company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. ATI had a net margin of 8.81% and a return on equity of 24.64%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the company posted $0.53 EPS. The business’s revenue was up 5.3% on a year-over-year basis. On average, sell-side analysts predict that ATI will post 2.26 EPS for the current fiscal year.

Insider Activity

In related news, VP Timothy J. Harris sold 6,325 shares of ATI stock in a transaction that occurred on Monday, February 12th. The shares were 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 in the company, valued at approximately $4,640,007.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.05% of the company’s stock.

Institutional Trading of ATI

Institutional investors have recently added to or reduced their stakes in the stock. Clearstead Advisors LLC increased its holdings in ATI by 295.9% in the 3rd quarter. Clearstead Advisors LLC now owns 669 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 500 shares during the last quarter. Covestor Ltd increased its holdings in ATI by 73.1% in the 3rd quarter. Covestor Ltd now owns 1,044 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 441 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of ATI in the fourth quarter worth $58,000. Edmond DE Rothschild Holding S.A. grew its stake in shares of ATI by 211.5% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 2,651 shares of the basic materials company’s stock worth $121,000 after acquiring an additional 1,800 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in shares of ATI in the fourth quarter worth $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.