ATI (NYSE:ATI) Stock Rating Lowered by StockNews.com

ATI (NYSE:ATI) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

A number of other research analysts have also recently issued reports on ATI. Deutsche Bank Aktiengesellschaft boosted their target price on ATI from $81.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. KeyCorp cut ATI from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. Finally, Susquehanna lowered their target price on ATI from $75.00 to $70.00 and set a “positive” rating for the company in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $73.71.

ATI Stock Performance

Shares of ATI stock opened at $55.24 on Thursday. The stock has a market cap of $7.88 billion, a PE ratio of 21.25, a price-to-earnings-growth ratio of 1.95 and a beta of 1.12. The stock has a 50-day moving average of $56.93 and a 200-day moving average of $60.08. 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 issued its earnings results on Tuesday, October 29th. The basic materials company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.06). The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.12 billion. ATI had a net margin of 8.85% and a return on equity of 21.39%. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.55 EPS. As a group, sell-side analysts expect that ATI will post 2.27 earnings per share for the current year.

Insider Buying and Selling at ATI

In other ATI news, SVP Tina Killough Busch sold 2,598 shares of the business’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 sale, the senior vice president now directly owns 21,553 shares of the company’s stock, valued at $1,293,611.06. The trade was a 10.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 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 transaction, the chairman now owns 436,443 shares of the company’s stock, valued at $25,745,772.57. The trade was a 5.42 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,598 shares of company stock worth $3,186,432. Corporate insiders own 0.71% of the company’s stock.

Institutional Investors Weigh In On ATI

A number of institutional investors and hedge funds have recently made changes to their positions in ATI. Quest Partners LLC acquired a new position in ATI during the second quarter worth $88,000. Choreo LLC bought a new stake in shares of ATI in the 2nd quarter valued at about $343,000. Texas Permanent School Fund Corp raised its holdings in shares of ATI by 9.7% in the 2nd quarter. Texas Permanent School Fund Corp now owns 122,528 shares of the basic materials company’s stock valued at $6,794,000 after purchasing an additional 10,874 shares during the period. Headlands Technologies LLC acquired a new stake in ATI in the 2nd quarter valued at about $455,000. Finally, Federated Hermes Inc. grew its holdings in ATI by 4.3% during the second quarter. Federated Hermes Inc. now owns 1,702,648 shares of the basic materials company’s stock worth $94,412,000 after purchasing an additional 70,812 shares during the period.

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.