ATI Inc. (NYSE:ATI) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of ATI Inc. (NYSE:ATI) have received a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $73.71.

A number of equities research analysts recently weighed in on ATI shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of ATI from $81.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. KeyCorp lowered ATI from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. StockNews.com upgraded ATI from a “sell” rating to a “hold” rating in a report on Wednesday, December 11th. Finally, Susquehanna dropped their price target on ATI from $75.00 to $70.00 and set a “positive” rating on the stock in a research report on Wednesday, October 30th.

Insider Buying and Selling

In related news, SVP Tina Killough Busch sold 2,598 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $60.02, for a total transaction of $155,931.96. Following the transaction, the senior vice president now directly owns 21,553 shares in the company, valued at $1,293,611.06. The trade was a 10.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Robert S. Wetherbee sold 25,000 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $62.23, for a total value of $1,555,750.00. Following the completion of the sale, the chairman now owns 486,443 shares of the company’s stock, valued at approximately $30,271,347.89. This trade represents a 4.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,598 shares of company stock worth $3,186,432 in the last 90 days. 0.71% of the stock is owned by corporate insiders.

Institutional Trading of ATI

A number of institutional investors have recently bought and sold shares of ATI. Quarry LP acquired a new stake in shares of ATI during the second quarter worth $26,000. UMB Bank n.a. lifted its position in ATI by 557.0% during the 3rd quarter. UMB Bank n.a. now owns 933 shares of the basic materials company’s stock worth $62,000 after acquiring an additional 791 shares during the period. Quest Partners LLC purchased a new stake in ATI during the 2nd quarter valued at about $88,000. nVerses Capital LLC acquired a new position in shares of ATI in the second quarter valued at about $205,000. Finally, Forum Financial Management LP purchased a new position in shares of ATI in the second quarter worth about $211,000.

ATI Trading Up 0.4 %

Shares of NYSE ATI opened at $54.46 on Friday. ATI has a fifty-two week low of $38.04 and a fifty-two week high of $68.92. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.44 and a current ratio of 2.94. The company has a market cap of $7.77 billion, a price-to-earnings ratio of 20.95, a PEG ratio of 1.95 and a beta of 1.09. The business’s 50 day moving average price is $58.45 and its 200-day moving average price is $60.20.

ATI (NYSE:ATI) last released its earnings results on Tuesday, October 29th. The basic materials company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.06). The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.12 billion. ATI had a return on equity of 21.39% and a net margin of 8.85%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 EPS. On average, sell-side analysts expect that ATI will post 2.27 earnings per share for the current year.

ATI announced that its board has authorized a share repurchase plan on Tuesday, September 3rd that permits the company to repurchase $700.00 million in outstanding shares. This repurchase authorization permits the basic materials company to purchase up to 9.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

About ATI

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.