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

Shares of ATI Inc. (NYSE:ATI) have been given a consensus recommendation of “Buy” by the five analysts that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a buy rating. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $55.67.

Several brokerages have recently commented on ATI. Deutsche Bank Aktiengesellschaft began coverage on ATI in a research note on Thursday, April 11th. They issued a “buy” rating and a $70.00 target price for the company. KeyCorp raised their price target on shares of ATI from $49.00 to $56.00 and gave the company an “overweight” rating in a research report on Wednesday, February 21st. Finally, TheStreet raised shares of ATI from a “c+” rating to a “b-” rating in a research report on Friday, January 26th.

ATI Stock Performance

Shares of ATI opened at $51.11 on Tuesday. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.80 and a quick ratio of 1.53. The stock has a 50-day moving average of $48.22 and a 200-day moving average of $44.04. The company has a market cap of $6.36 billion, a PE ratio of 20.36 and a beta of 1.22. ATI has a one year low of $34.10 and a one year high of $52.98.

ATI (NYSE:ATI) last issued its earnings results on Thursday, February 1st. The basic materials company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. ATI had a return on equity of 24.64% and a net margin of 8.81%. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the business posted $0.53 EPS. On average, equities research analysts predict that ATI will post 2.28 EPS for the current fiscal year.

Insiders Place Their Bets

In other ATI news, VP Timothy J. Harris sold 6,325 shares of ATI stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $42.44, for a total transaction of $268,433.00. Following the transaction, the vice president now owns 109,331 shares of the company’s stock, valued at approximately $4,640,007.64. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.05% of the company’s stock.

Hedge Funds Weigh In On ATI

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of ATI by 3.8% during the 3rd quarter. Vanguard Group Inc. now owns 14,354,401 shares of the basic materials company’s stock worth $381,970,000 after buying an additional 527,117 shares in the last quarter. State Street Corp raised its holdings in shares of ATI by 14.8% in the 1st quarter. State Street Corp now owns 9,941,032 shares of the basic materials company’s stock worth $266,817,000 after purchasing an additional 1,279,827 shares during the period. Frontier Capital Management Co. LLC raised its holdings in shares of ATI by 19.5% in the 4th quarter. Frontier Capital Management Co. LLC now owns 3,645,644 shares of the basic materials company’s stock worth $165,767,000 after purchasing an additional 594,644 shares during the period. Geode Capital Management LLC raised its holdings in shares of ATI by 4.5% in the 1st quarter. Geode Capital Management LLC now owns 2,357,077 shares of the basic materials company’s stock worth $93,010,000 after purchasing an additional 101,022 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of ATI by 6.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,317,722 shares of the basic materials company’s stock worth $105,394,000 after purchasing an additional 139,694 shares during the period.

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.