ATI Inc. (NYSE:ATI) Receives Consensus Rating of “Moderate Buy” from Analysts

ATI Inc. (NYSE:ATI) has earned a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $74.14.

A number of brokerages have weighed in on ATI. KeyCorp lowered shares of ATI from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. StockNews.com raised shares of ATI from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Susquehanna lifted their price target on ATI from $70.00 to $73.00 and gave the company a “positive” rating in a research note on Wednesday.

Insider Transactions at ATI

In other news, SVP Tina Killough Busch sold 2,598 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $60.02, for a total value of $155,931.96. Following the completion of the sale, the senior vice president now owns 21,553 shares of the company’s stock, valued at approximately $1,293,611.06. This represents a 10.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Robert S. Wetherbee sold 25,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $58.99, for a total transaction of $1,474,750.00. Following the transaction, the chairman now owns 436,443 shares in the company, valued at approximately $25,745,772.57. The trade was a 5.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,498 shares of company stock worth $2,288,141 in the last three months. Insiders own 0.71% of the company’s stock.

Institutional Investors Weigh In On ATI

Hedge funds have recently bought and sold shares of the company. Mountaineer Partners Management LLC raised its stake in ATI by 4,401.2% in the third quarter. Mountaineer Partners Management LLC now owns 9,410,891 shares of the basic materials company’s stock valued at $629,683,000 after buying an additional 9,201,818 shares during the period. Geode Capital Management LLC increased its holdings in shares of ATI by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,952,934 shares of the basic materials company’s stock worth $130,709,000 after acquiring an additional 5,165 shares during the last quarter. Channing Capital Management LLC increased its holdings in shares of ATI by 15.7% during the 4th quarter. Channing Capital Management LLC now owns 1,674,461 shares of the basic materials company’s stock worth $92,162,000 after acquiring an additional 226,977 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in ATI by 14.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,563,062 shares of the basic materials company’s stock valued at $86,031,000 after acquiring an additional 191,823 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in ATI by 1.5% during the 4th quarter. Bank of New York Mellon Corp now owns 891,152 shares of the basic materials company’s stock valued at $49,049,000 after purchasing an additional 12,907 shares during the last quarter.

ATI Price Performance

ATI opened at $62.73 on Monday. The stock has a market cap of $8.95 billion, a P/E ratio of 24.13, a P/E/G ratio of 1.52 and a beta of 1.10. ATI has a 12 month low of $39.71 and a 12 month high of $68.92. The company has a quick ratio of 1.44, a current ratio of 2.94 and a debt-to-equity ratio of 0.97. The company has a fifty day simple moving average of $57.26 and a 200 day simple moving average of $60.25.

ATI (NYSE:ATI) last announced its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.19. ATI had a return on equity of 21.39% and a net margin of 8.85%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the company earned $0.64 earnings per share. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, research analysts expect that ATI will post 2.28 EPS for the current year.

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.