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

Shares of ATI Inc. (NYSE:ATI) have been given a consensus rating of “Moderate Buy” by the eight ratings firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $75.00.

ATI has been the topic of several research reports. Susquehanna boosted their price target on shares of ATI from $70.00 to $73.00 and gave the stock a “positive” rating in a research report on Wednesday, February 5th. Barclays boosted their target price on shares of ATI from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. StockNews.com raised shares of ATI from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, Benchmark lifted their price target on shares of ATI from $80.00 to $81.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th.

ATI Trading Up 4.2 %

ATI stock opened at $54.25 on Tuesday. ATI has a 12-month low of $47.90 and a 12-month high of $68.92. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.44 and a quick ratio of 1.32. The stock has a market capitalization of $7.71 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 0.85 and a beta of 1.14. The firm has a 50 day simple moving average of $57.42 and a 200-day simple moving average of $58.66.

ATI (NYSE:ATI) last issued its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share (EPS) 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 firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the company posted $0.64 EPS. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. As a group, equities research analysts expect that ATI will post 2.89 EPS for the current fiscal year.

Insider Activity

In other news, SVP Tina Killough Busch sold 9,900 shares of the firm’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $66.41, for a total value of $657,459.00. Following the completion of the sale, the senior vice president now owns 25,994 shares of the company’s stock, valued at $1,726,261.54. This trade represents a 27.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.71% of the stock is owned by company insiders.

Institutional Investors Weigh In On ATI

Several hedge funds have recently bought and sold shares of ATI. Charles Schwab Investment Management Inc. increased its holdings in shares of ATI by 14.0% in the 4th 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 purchasing an additional 191,823 shares during the period. Hantz Financial Services Inc. purchased a new position in ATI during the third quarter valued at approximately $765,000. Franklin Resources Inc. grew its position in ATI by 16.2% during the third quarter. Franklin Resources Inc. now owns 445,746 shares of the basic materials company’s stock valued at $27,993,000 after purchasing an additional 61,999 shares in the last quarter. Covea Finance increased its stake in ATI by 32.7% in the 4th quarter. Covea Finance now owns 65,000 shares of the basic materials company’s stock valued at $3,578,000 after buying an additional 16,000 shares during the period. Finally, Forest Avenue Capital Management LP purchased a new stake in ATI in the 3rd quarter worth approximately $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.