ATI Inc. (NYSE:ATI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

ATI Inc. (NYSE:ATI) has earned an average rating of “Moderate Buy” from the eight ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $73.71.

A number of brokerages have recently weighed in on ATI. KeyCorp downgraded ATI from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. StockNews.com upgraded ATI from a “sell” rating to a “hold” rating in a report on Wednesday, December 11th. Susquehanna decreased their price target on shares of ATI from $75.00 to $70.00 and set a “positive” rating for the company in a report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of ATI from $81.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd.

ATI Stock Performance

Shares of ATI opened at $55.61 on Thursday. The company has a 50-day moving average of $56.87 and a two-hundred day moving average of $60.11. The stock has a market cap of $7.93 billion, a price-to-earnings ratio of 21.39, a PEG ratio of 1.95 and a beta of 1.12. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.94 and a quick ratio of 1.44. ATI has a one year low of $38.04 and a one year high of $68.92.

ATI (NYSE:ATI) last posted its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.06). ATI had a return on equity of 21.39% and a net margin of 8.85%. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same period in the prior year, the business posted $0.55 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, equities research analysts expect that ATI will post 2.27 earnings per share for the current year.

Insider Activity at ATI

In other ATI news, SVP Tina Killough Busch sold 2,598 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $60.02, for a total transaction of $155,931.96. Following the completion of the sale, the senior vice president now directly owns 21,553 shares in the company, valued at $1,293,611.06. This represents a 10.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Robert S. Wetherbee sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $58.99, for a total value of $1,474,750.00. Following the completion of the sale, the chairman now directly owns 436,443 shares in the company, valued at approximately $25,745,772.57. This represents a 5.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,598 shares of company stock valued at $3,186,432. Corporate insiders own 0.71% of the company’s stock.

Institutional Trading of ATI

Hedge funds have recently added to or reduced their stakes in the business. Quarry LP bought a new position in ATI in the 2nd quarter worth approximately $26,000. UMB Bank n.a. grew its stake in shares of ATI by 557.0% in the third quarter. UMB Bank n.a. now owns 933 shares of the basic materials company’s stock worth $62,000 after acquiring an additional 791 shares during the last quarter. Quest Partners LLC bought a new position in ATI during the second quarter worth $88,000. GAMMA Investing LLC raised its stake in ATI by 66.0% during the 3rd quarter. GAMMA Investing LLC now owns 3,344 shares of the basic materials company’s stock valued at $224,000 after purchasing an additional 1,330 shares during the last quarter. Finally, KBC Group NV boosted its holdings in ATI by 12.9% in the 3rd quarter. KBC Group NV now owns 3,362 shares of the basic materials company’s stock valued at $225,000 after purchasing an additional 385 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.