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

ATI Inc. (NYSE:ATI) has been assigned a consensus rating of “Buy” from the five ratings firms that are presently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have covered the stock in the last year is $59.17.

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

Insider Buying and Selling at ATI

In other 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 directly owns 109,331 shares in the company, valued at $4,640,007.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.05% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Clearstead Advisors LLC increased its stake in ATI by 295.9% in the third quarter. Clearstead Advisors LLC now owns 669 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 500 shares during the last quarter. Covestor Ltd boosted its holdings in shares of 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 in the last quarter. Benjamin F. Edwards & Company Inc. acquired a new position in shares of ATI during the 1st quarter worth $51,000. GAMMA Investing LLC bought a new stake in shares of ATI during the 4th quarter worth $58,000. Finally, Edmond DE Rothschild Holding S.A. boosted its stake in 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 valued at $121,000 after buying an additional 1,800 shares in the last quarter.

ATI Price Performance

Shares of ATI opened at $59.08 on Friday. The company has a market cap 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 current ratio of 2.81, a quick ratio of 1.37 and a debt-to-equity ratio of 1.56. The company’s fifty day simple moving average is $50.75 and its 200 day simple moving average is $45.34. ATI has a 1-year low of $34.10 and a 1-year high of $61.58.

ATI (NYSE:ATI) last issued its earnings results on Tuesday, April 30th. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.07. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.49 EPS. On average, research analysts forecast 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.