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

Shares of ATI Inc. (NYSE:ATI) have been assigned an average rating of “Moderate Buy” from the five analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $62.60.

ATI has been the topic of a number of research analyst reports. KeyCorp upped their target price on shares of ATI from $58.00 to $66.00 and gave the company an “overweight” rating in a report on Tuesday, May 28th. Barclays upped their target price on shares of ATI from $55.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, May 6th. Northcoast Research cut shares of ATI from a “neutral” rating to a “sell” rating in a report on Friday, June 14th. Finally, 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 target price on the stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its holdings in ATI by 294.5% in the 1st 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 during the period. Comerica Bank grew its position in shares of ATI by 137.2% during the 1st quarter. Comerica Bank now owns 141,243 shares of the basic materials company’s stock worth $7,227,000 after purchasing an additional 81,708 shares in the last quarter. Tidal Investments LLC grew its position in shares of ATI by 143.8% during the 1st quarter. Tidal Investments LLC now owns 11,312 shares of the basic materials company’s stock worth $579,000 after purchasing an additional 6,673 shares in the last quarter. Jane Street Group LLC grew its position in shares of ATI by 11.0% during the 1st quarter. Jane Street Group LLC now owns 106,237 shares of the basic materials company’s stock worth $5,436,000 after purchasing an additional 10,561 shares in the last quarter. Finally, Appian Way Asset Management LP grew its position in shares of ATI by 57.6% during the 1st quarter. Appian Way Asset Management LP now owns 172,408 shares of the basic materials company’s stock worth $8,822,000 after purchasing an additional 63,008 shares in the last quarter.

ATI Trading Down 0.7 %

Shares of NYSE:ATI opened at $54.07 on Friday. The company’s 50-day moving average price is $57.12 and its two-hundred day moving average price is $49.59. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.81 and a quick ratio of 1.37. ATI has a one year low of $35.03 and a one year high of $62.44. The stock has a market capitalization of $6.73 billion, a PE ratio of 21.71, a price-to-earnings-growth ratio of 1.38 and a beta of 1.12.

ATI (NYSE:ATI) last issued its quarterly earnings results 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 analysts’ expectations of $1.03 billion. ATI had a net margin of 8.70% and a return on equity of 23.72%. The company’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.49 EPS. On average, equities analysts forecast that ATI will post 2.45 EPS for the current fiscal year.

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.