ATI Inc. (NYSE:ATI) Receives $68.33 Consensus PT from Analysts

Shares of ATI Inc. (NYSE:ATI) have received an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $71.20.

A number of equities research analysts have recently issued reports on the stock. Northcoast Research cut shares of ATI from a “neutral” rating to a “sell” rating in a research report on Friday, June 14th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of ATI in a report on Thursday, April 11th. They issued a “buy” rating and a $70.00 price objective for the company. Benchmark raised their target price on shares of ATI from $56.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Barclays boosted their price target on ATI from $55.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, May 6th. Finally, KeyCorp raised their price objective on ATI from $58.00 to $66.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th.

ATI Stock Down 4.3 %

ATI stock opened at $60.29 on Thursday. The company’s 50-day moving average price is $58.24 and its two-hundred day moving average price is $51.90. The company has a quick ratio of 1.37, a current ratio of 2.81 and a debt-to-equity ratio of 1.56. The stock has a market cap of $7.50 billion, a P/E ratio of 24.21, a P/E/G ratio of 1.58 and a beta of 1.07. ATI has a twelve month low of $35.03 and a twelve month high of $63.12.

ATI (NYSE:ATI) last released its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.07. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. ATI had a return on equity of 23.72% and a net margin of 8.70%. During the same period last year, the firm posted $0.49 EPS. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. As a group, analysts expect that ATI will post 2.46 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. bought a new stake 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 valued at approximately $58,000. EverSource Wealth Advisors LLC increased its position in ATI by 294.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,353 shares of the basic materials company’s stock worth $69,000 after purchasing an additional 1,010 shares in the last quarter. Edmond DE Rothschild Holding S.A. lifted its stake in ATI by 211.5% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 2,651 shares of the basic materials company’s stock valued at $121,000 after purchasing an additional 1,800 shares during the last quarter. Finally, Quest Partners LLC acquired a new stake in ATI in the fourth quarter valued at approximately $174,000.

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.