Analysts Set ATI Inc. (NYSE:ATI) Target Price at $62.60

ATI Inc. (NYSE:ATI) has been given an average recommendation of “Moderate Buy” by the six brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $63.83.

Several research firms recently weighed in on ATI. Northcoast Research cut shares of ATI from a “neutral” rating to a “sell” rating in a report on Friday, June 14th. KeyCorp upped their target price on ATI from $58.00 to $66.00 and gave the company an “overweight” rating in a report on Tuesday, May 28th. Barclays lifted their price target on ATI from $55.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, May 6th. BTIG Research initiated coverage on ATI in a research note on Wednesday. They issued a “buy” rating and a $70.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on ATI in a research note on Thursday, April 11th. They set a “buy” rating and a $70.00 target price on the stock.

Institutional Investors Weigh In On ATI

Large investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC increased its stake in shares of ATI by 228.2% in the third quarter. HighTower Advisors LLC now owns 21,252 shares of the basic materials company’s stock worth $870,000 after purchasing an additional 14,777 shares in the last quarter. Mariner LLC raised its holdings in ATI by 3.4% during the 3rd quarter. Mariner LLC now owns 16,646 shares of the basic materials company’s stock valued at $685,000 after acquiring an additional 541 shares during the period. Northern Trust Corp lifted its position in shares of ATI by 4.5% during the third quarter. Northern Trust Corp now owns 1,441,549 shares of the basic materials company’s stock worth $59,320,000 after acquiring an additional 61,582 shares in the last quarter. Covestor Ltd boosted its holdings in shares of ATI by 73.1% in the third quarter. Covestor Ltd now owns 1,044 shares of the basic materials company’s stock worth $43,000 after acquiring an additional 441 shares during the period. Finally, Natixis Advisors L.P. grew its position in shares of ATI by 3.6% in the third quarter. Natixis Advisors L.P. now owns 46,647 shares of the basic materials company’s stock valued at $1,920,000 after purchasing an additional 1,600 shares in the last quarter.

ATI Price Performance

ATI stock opened at $55.45 on Friday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.37 and a current ratio of 2.81. The business has a 50-day simple moving average of $57.57 and a two-hundred day simple moving average of $50.13. The company has a market capitalization of $6.90 billion, a P/E ratio of 22.27, a price-to-earnings-growth ratio of 1.40 and a beta of 1.12. ATI has a 52-week low of $35.03 and a 52-week high of $62.44.

ATI (NYSE:ATI) last announced its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.07. ATI had a return on equity of 23.72% and a net margin of 8.70%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the company posted $0.49 earnings per share. ATI’s revenue was up .5% compared to the same quarter last year. Research analysts expect that ATI will post 2.45 EPS for the current fiscal year.

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.