ATI Inc. (NYSE:ATI) Receives $56.00 Average PT from Brokerages

ATI Inc. (NYSE:ATI) has received a consensus recommendation of “Buy” from the five brokerages that are covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have covered the stock in the last year is $61.00.

A number of research analysts recently weighed in on ATI shares. Deutsche Bank Aktiengesellschaft assumed coverage on ATI in a research note on Thursday, April 11th. They issued a “buy” rating and a $70.00 price objective on the stock. TheStreet upgraded shares of ATI from a “c+” rating to a “b-” rating in a report on Friday, January 26th. Barclays lifted their price objective on ATI from $55.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, KeyCorp increased their target price on ATI from $56.00 to $58.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd.

Insider Activity at ATI

In related 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 transaction of $268,433.00. Following the transaction, the vice president now directly owns 109,331 shares in the company, valued at $4,640,007.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.05% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On ATI

Institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. bought a new stake in ATI in the fourth quarter valued at about $1,698,000. Ballentine Partners LLC acquired a new position in shares of ATI in the 4th quarter worth approximately $1,100,000. Louisiana State Employees Retirement System bought a new position in shares of ATI during the 4th quarter worth approximately $2,901,000. Assenagon Asset Management S.A. boosted its stake in ATI by 735.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 355,202 shares of the basic materials company’s stock valued at $16,151,000 after buying an additional 312,699 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in ATI by 67.3% in the third quarter. Victory Capital Management Inc. now owns 973,372 shares of the basic materials company’s stock valued at $40,054,000 after acquiring an additional 391,554 shares during the period.

ATI Trading Up 0.6 %

Shares of NYSE ATI opened at $60.18 on Friday. The stock has a market cap of $7.49 billion, a price-to-earnings ratio of 24.17, a PEG ratio of 1.50 and a beta of 1.17. The business has a 50 day simple moving average of $51.44 and a 200 day simple moving average of $45.77. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.37 and a current ratio of 2.81. ATI has a 52 week low of $34.10 and a 52 week high of $61.58.

ATI (NYSE:ATI) last announced its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.41 by $0.07. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. ATI had a net margin of 8.70% and a return on equity of 23.72%. ATI’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.49 EPS. On average, research analysts predict that ATI will post 2.4 earnings per share for the current fiscal 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.