Brokerages Set ATI Inc. (NYSE:ATI) PT at $75.00

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

ATI has been the subject of several recent analyst reports. StockNews.com raised shares of ATI from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. 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. Benchmark raised their price target on ATI from $80.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Finally, Barclays boosted their price objective on ATI from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th.

ATI Price Performance

NYSE ATI opened at $52.75 on Tuesday. ATI has a fifty-two week low of $47.90 and a fifty-two week high of $68.92. The stock’s 50-day moving average is $57.22 and its two-hundred day moving average is $58.56. The firm has a market cap of $7.50 billion, a P/E ratio of 20.69, a price-to-earnings-growth ratio of 0.85 and a beta of 1.14. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.44 and a quick ratio of 1.32.

ATI (NYSE:ATI) last issued its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.19. ATI had a return on equity of 21.16% and a net margin of 8.43%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the business earned $0.64 EPS. The firm’s revenue was up 10.2% compared to the same quarter last year. On average, analysts anticipate 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

Large investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its position in ATI by 14.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,563,062 shares of the basic materials company’s stock valued at $86,031,000 after acquiring an additional 191,823 shares during the period. Hantz Financial Services Inc. acquired a new stake in shares of ATI in the 3rd quarter valued at $765,000. Franklin Resources Inc. grew its holdings in shares of ATI by 16.2% in the 3rd quarter. Franklin Resources Inc. now owns 445,746 shares of the basic materials company’s stock worth $27,993,000 after purchasing an additional 61,999 shares during the last quarter. Covea Finance increased its position in shares of ATI by 32.7% during the 4th quarter. Covea Finance now owns 65,000 shares of the basic materials company’s stock worth $3,578,000 after purchasing an additional 16,000 shares in the last quarter. Finally, Forest Avenue Capital Management LP bought a new position in ATI during the 3rd quarter valued at about $28,700,000.

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.