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

ATI Inc. (NYSE:ATI) has been given a consensus recommendation of “Buy” by the five ratings firms that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy rating. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $61.00.

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

ATI Trading Up 0.6 %

NYSE:ATI opened at $60.18 on Friday. The firm has a market capitalization of $7.49 billion, a price-to-earnings ratio of 24.17, a price-to-earnings-growth ratio of 1.50 and a beta of 1.17. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.81 and a quick ratio of 1.37. The business has a fifty day moving average price of $51.44 and a 200-day moving average price of $45.77. ATI has a one year low of $34.10 and a one year high of $61.58.

ATI (NYSE:ATI) last posted its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.41 by $0.07. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. ATI had a return on equity of 23.72% and a net margin of 8.70%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the company earned $0.49 earnings per share. Sell-side analysts forecast that ATI will post 2.4 EPS for the current year.

Insider Activity

In related news, VP Timothy J. Harris sold 6,325 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $42.44, for a total value of $268,433.00. Following 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 Securities & Exchange Commission, which is available through this link. Company insiders own 1.05% of the company’s stock.

Institutional Investors Weigh In On ATI

A number of hedge funds have recently bought and sold shares of ATI. Raymond James & Associates increased its holdings in shares of ATI by 62.0% in the 3rd quarter. Raymond James & Associates now owns 27,056 shares of the basic materials company’s stock worth $1,113,000 after buying an additional 10,351 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of ATI by 15.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,244 shares of the basic materials company’s stock valued at $833,000 after purchasing an additional 2,763 shares during the last quarter. Strs Ohio boosted its holdings in shares of ATI by 11.0% in the 3rd quarter. Strs Ohio now owns 16,200 shares of the basic materials company’s stock worth $666,000 after purchasing an additional 1,600 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of ATI by 3.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 974,528 shares of the basic materials company’s stock valued at $40,102,000 after purchasing an additional 29,389 shares during the last quarter. Finally, Advisor Partners II LLC lifted its position in ATI by 2.4% in the third quarter. Advisor Partners II LLC now owns 20,762 shares of the basic materials company’s stock worth $854,000 after buying an additional 490 shares during the last quarter.

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.