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

Shares of ATI Inc. (NYSE:ATI) have been given an average rating of “Moderate Buy” by the eight research firms that are covering the firm, MarketBeat.com reports. One 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 twelve-month price target among analysts that have covered the stock in the last year is $73.71.

ATI has been the subject of a number of research analyst reports. StockNews.com upgraded ATI from a “sell” rating to a “hold” rating in a report on Wednesday, December 11th. KeyCorp lowered ATI from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft increased their target price on ATI from $81.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Finally, Susquehanna reduced 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.

ATI Stock Performance

Shares of ATI opened at $55.61 on Thursday. The firm 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 quick ratio of 1.44, a current ratio of 2.94 and a debt-to-equity ratio of 0.97. The business’s 50 day moving average is $56.87 and its two-hundred day moving average is $60.11. ATI has a 52-week low of $38.04 and a 52-week high of $68.92.

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

Insider Buying and Selling

In other ATI news, SVP Tina Killough Busch sold 2,598 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $60.02, for a total transaction of $155,931.96. Following the completion of the transaction, the senior vice president now directly owns 21,553 shares of the company’s stock, valued at approximately $1,293,611.06. This trade represents a 10.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Robert S. Wetherbee sold 25,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was 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 $25,745,772.57. This represents a 5.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,598 shares of company stock valued at $3,186,432 over the last 90 days. 0.71% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Quarry LP bought a new position in shares of ATI during the 2nd quarter valued at about $26,000. UMB Bank n.a. grew its position in 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 buying an additional 791 shares during the last quarter. Quest Partners LLC acquired a new position in ATI in the second quarter worth approximately $88,000. GAMMA Investing LLC increased its holdings in shares of ATI by 66.0% in the third quarter. GAMMA Investing LLC now owns 3,344 shares of the basic materials company’s stock valued at $224,000 after buying an additional 1,330 shares in the last quarter. Finally, KBC Group NV lifted its position in shares of ATI by 12.9% during the 3rd quarter. KBC Group NV now owns 3,362 shares of the basic materials company’s stock valued at $225,000 after acquiring an additional 385 shares during the last quarter.

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.