ATI (NYSE:ATI) Price Target Raised to $67.00 at KeyCorp

ATI (NYSE:ATI) had its price objective increased by KeyCorp from $66.00 to $67.00 in a research report report published on Monday, Benzinga reports. KeyCorp currently has an overweight rating on the basic materials company’s stock.

ATI has been the topic of several other reports. BTIG Research started coverage on shares of ATI in a research note on Wednesday, June 26th. They set a buy rating and a $70.00 price target on the stock. Benchmark reissued a buy rating and set a $80.00 price target on shares of ATI in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of ATI from $80.00 to $81.00 and gave the stock a buy rating in a research note on Wednesday, August 7th. Northcoast Research downgraded shares of ATI from a neutral rating to a sell rating in a research note on Friday, June 14th. Finally, Barclays lifted their price target on shares of ATI from $55.00 to $70.00 and gave the stock an overweight rating in a research note on Monday, May 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $73.60.

ATI Trading Down 0.4 %

Shares of ATI opened at $62.05 on Monday. The firm’s 50 day simple moving average is $58.97 and its 200 day simple moving average is $53.88. The company has a market capitalization of $7.72 billion, a P/E ratio of 24.92, a P/E/G ratio of 1.53 and a beta of 1.07. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.13 and a quick ratio of 1.07. ATI has a 1-year low of $35.03 and a 1-year high of $68.92.

ATI (NYSE:ATI) last posted its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.58 by $0.02. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. ATI had a net margin of 8.74% and a return on equity of 23.05%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the firm posted $0.59 earnings per share. Sell-side analysts forecast that ATI will post 2.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. purchased a new position in shares of ATI in the first quarter worth $51,000. GAMMA Investing LLC purchased a new position in shares of ATI in the fourth quarter worth $58,000. EverSource Wealth Advisors LLC boosted its holdings in ATI by 294.5% in the first quarter. EverSource Wealth Advisors LLC now owns 1,353 shares of the basic materials company’s stock valued at $69,000 after acquiring an additional 1,010 shares in the last quarter. Quest Partners LLC bought a new stake in ATI in the second quarter valued at $88,000. Finally, Edmond DE Rothschild Holding S.A. boosted its holdings 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 acquiring an additional 1,800 shares in the last quarter.

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.