ATI Inc. (ATI) – What Are Investment Firms Saying About This Stock?

Shares of ATI Inc. (NYSE:ATI) have been assigned a consensus recommendation of “Buy” from the eleven brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $224.56.

A number of equities analysts recently weighed in on ATI shares. Deutsche Bank reaffirmed a “buy” rating and issued a $262.00 price target on shares of ATI in a report on Monday, August 10th. Wall Street Zen raised ATI from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Wells Fargo & Company dropped their price objective on ATI from $275.00 to $240.00 and set an “overweight” rating on the stock in a report on Wednesday, September 30th. Weiss Ratings cut ATI from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, October 29th. Finally, Citigroup boosted their price objective on ATI from $229.00 to $240.00 and gave the company a “buy” rating in a research report on Friday.

Insider Activity at ATI

In related news, CEO Kimberly Fields sold 24,845 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $231.19, for a total value of $5,743,915.55. Following the completion of the sale, the chief executive officer owned 100,719 shares of the company’s stock, valued at approximately $23,285,225.61. The trade was a 19.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Timothy Harris sold 9,000 shares of the business’s stock in a transaction on Monday, September 21st. The stock was sold at an average price of $191.82, for a total transaction of $1,726,380.00. Following the completion of the sale, the vice president directly owned 88,187 shares of the company’s stock, valued at approximately $16,916,030.34. The trade was a 9.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 85,830 shares of company stock valued at $18,046,361. 0.98% of the stock is owned by company insiders.

Hedge Funds Weigh In On ATI

A number of hedge funds have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of ATI during the second quarter worth approximately $3,687,529,000. Bank of America Corp DE acquired a new stake in ATI during the 2nd quarter worth $348,285,000. Bank of New York Mellon Corp acquired a new stake in ATI during the 2nd quarter worth $168,996,000. Arrowstreet Capital Limited Partnership boosted its stake in ATI by 231.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,203,726 shares of the basic materials company’s stock worth $175,094,000 after purchasing an additional 840,455 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in ATI by 1,714.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 831,736 shares of the basic materials company’s stock valued at $120,984,000 after acquiring an additional 785,885 shares in the last quarter.

ATI Price Performance

Shares of ATI stock traded down $6.64 during trading hours on Friday, reaching $183.52. The stock had a trading volume of 1,345,368 shares, compared to its average volume of 1,913,048. The stock’s 50 day moving average is $184.93 and its 200 day moving average is $175.82. The firm has a market capitalization of $24.93 billion, a PE ratio of 45.88, a PEG ratio of 1.04 and a beta of 1.09. ATI has a twelve month low of $93.11 and a twelve month high of $243.57. The company has a current ratio of 2.77, a quick ratio of 1.27 and a debt-to-equity ratio of 0.85.

ATI (NYSE:ATI) last posted its earnings results on Thursday, October 29th. The basic materials company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.09. ATI had a net margin of 11.08% and a return on equity of 32.30%. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the company posted $0.85 EPS. The company’s revenue for the quarter was up 26.5% on a year-over-year basis. Equities analysts expect that ATI will post 5.24 earnings per share for the current fiscal year.

About ATI

ATI Inc. produces specialty materials and components for aerospace and defense, energy, medical, and other industrial markets. Its materials include titanium and titanium alloys, nickel- and cobalt-based alloys, specialty stainless steels, and other engineered metals designed for demanding applications. The company makes products such as sheet, plate, strip, and bar, along with precision forgings, castings, and engineered components. ATI serves customers worldwide through manufacturing and distribution operations in North America and other regions.