ATI Inc. (NYSE:ATI) Receives Average Rating of “Moderate Buy” from Brokerages

ATI Inc. (NYSE:ATI) has been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $75.00.

A number of equities research analysts have issued reports on the stock. Susquehanna upped their price target on shares of ATI from $70.00 to $73.00 and gave the company a “positive” rating in a report on Wednesday, February 5th. StockNews.com upgraded ATI from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Barclays lifted their price target on ATI from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Finally, Benchmark increased their price objective on ATI from $80.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, February 13th.

ATI Trading Up 4.2 %

Shares of NYSE ATI opened at $54.25 on Tuesday. The business has a 50 day simple moving average of $57.42 and a 200 day simple moving average of $58.66. ATI has a 52 week low of $47.90 and a 52 week high of $68.92. The stock has a market cap of $7.71 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 0.85 and a beta of 1.14. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.32 and a current ratio of 2.44.

ATI (NYSE:ATI) last posted its earnings results on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.19. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.07 billion. ATI had a return on equity of 21.16% and a net margin of 8.43%. The business’s revenue was up 10.2% compared to the same quarter last year. During the same period last year, the company earned $0.64 earnings per share. On average, research analysts predict that ATI will post 2.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Tina Killough Busch sold 9,900 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $66.41, for a total value of $657,459.00. Following the completion of the transaction, the senior vice president now owns 25,994 shares of the company’s stock, valued at $1,726,261.54. This represents a 27.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.71% of the company’s stock.

Institutional Investors Weigh In On ATI

Several large investors have recently modified their holdings of ATI. Mountaineer Partners Management LLC grew its position 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 acquiring an additional 9,201,818 shares during the period. Capital World Investors boosted its stake in shares of ATI by 100.5% in the 4th quarter. Capital World Investors now owns 6,875,576 shares of the basic materials company’s stock valued at $378,432,000 after purchasing an additional 3,446,919 shares in the last quarter. Dendur Capital LP grew its holdings in shares of ATI by 601.7% in the 4th quarter. Dendur Capital LP now owns 3,567,000 shares of the basic materials company’s stock worth $196,328,000 after purchasing an additional 3,058,628 shares during the last quarter. Vanguard Group Inc. lifted its holdings in ATI by 15.2% during the 4th quarter. Vanguard Group Inc. now owns 15,335,409 shares of the basic materials company’s stock valued at $844,061,000 after purchasing an additional 2,020,313 shares during the last quarter. Finally, Norges Bank bought a new position in ATI during the 4th quarter valued at about $85,047,000.

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.