ATI Inc. (NYSE:ATI) Receives $56.00 Consensus Price Target from Analysts

Shares of ATI Inc. (NYSE:ATI) have received an average rating of “Buy” from the five research firms that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $59.17.

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

ATI Stock Performance

Shares of NYSE ATI opened at $59.08 on Friday. ATI has a 52-week low of $34.10 and a 52-week high of $61.58. The stock has a market capitalization of $7.35 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 1.50 and a beta of 1.17. The company has a quick ratio of 1.37, a current ratio of 2.81 and a debt-to-equity ratio of 1.56. The stock’s fifty day simple moving average is $50.75 and its 200 day simple moving average is $45.34.

ATI (NYSE:ATI) last issued its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $0.48 earnings per share for the quarter, topping 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 firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the business posted $0.49 EPS. ATI’s revenue was up .5% on a year-over-year basis. As a group, sell-side analysts forecast that ATI will post 2.4 earnings per share for the current fiscal year.

Insider Buying and Selling at ATI

In other news, VP Timothy J. Harris sold 6,325 shares of the firm’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 completion of the sale, the vice president now directly owns 109,331 shares of the company’s stock, valued at approximately $4,640,007.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.05% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ATI. Clearstead Advisors LLC lifted its stake in shares of 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 lifted its position in shares of ATI by 73.1% in the third quarter. Covestor Ltd now owns 1,044 shares of the basic materials company’s stock worth $43,000 after buying an additional 441 shares during the last quarter. Benjamin F. Edwards & Company Inc. bought a new stake in shares of ATI during the 1st quarter worth about $51,000. GAMMA Investing LLC acquired a new position in shares of ATI during the 4th quarter valued at about $58,000. Finally, Edmond DE Rothschild Holding S.A. lifted its holdings in ATI by 211.5% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 2,651 shares of the basic materials company’s stock worth $121,000 after purchasing an additional 1,800 shares during the last quarter.

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.