ATI (NYSE:ATI) Trading 6.5% Higher

ATI Inc. (NYSE:ATI) shot up 6.5% during mid-day trading on Thursday . The company traded as high as $64.26 and last traded at $64.22. 94,964 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 1,467,693 shares. The stock had previously closed at $60.30.

Wall Street Analyst Weigh In

ATI has been the subject of several research reports. Benchmark increased their price objective on shares of ATI from $56.00 to $80.00 and gave the company a “buy” rating in a report on Friday, July 12th. Northcoast Research lowered ATI from a “neutral” rating to a “sell” rating in a research note on Friday, June 14th. Deutsche Bank Aktiengesellschaft assumed coverage on ATI in a research note on Thursday, April 11th. They issued a “buy” rating and a $70.00 price objective on the stock. BTIG Research initiated coverage on ATI in a research report on Wednesday, June 26th. They set a “buy” rating and a $70.00 target price for the company. Finally, Barclays raised their target price on shares of ATI from $55.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, May 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $71.20.

ATI Trading Up 6.5 %

The stock has a market cap of $7.99 billion, a PE ratio of 25.79, a PEG ratio of 1.58 and a beta of 1.07. 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 stock has a fifty day moving average price of $58.24 and a 200 day moving average price of $51.90.

ATI (NYSE:ATI) last posted its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.41 by $0.07. ATI had a net margin of 8.70% and a return on equity of 23.72%. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the firm earned $0.49 earnings per share. ATI’s quarterly revenue was up .5% compared to the same quarter last year. Equities analysts expect that ATI Inc. will post 2.46 EPS for the current year.

Institutional Trading of ATI

Several institutional investors have recently added to or reduced their stakes in the company. Capital International Investors lifted its stake in shares of ATI by 1.3% during the 1st quarter. Capital International Investors now owns 15,409,897 shares of the basic materials company’s stock worth $788,524,000 after acquiring an additional 203,012 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of ATI by 0.9% during the first quarter. Vanguard Group Inc. now owns 14,338,873 shares of the basic materials company’s stock worth $733,720,000 after purchasing an additional 132,478 shares during the last quarter. Frontier Capital Management Co. LLC boosted its stake in shares of ATI by 19.5% during the fourth quarter. Frontier Capital Management Co. LLC now owns 3,645,644 shares of the basic materials company’s stock valued at $165,767,000 after purchasing an additional 594,644 shares during the period. Capital World Investors grew its holdings in shares of ATI by 43.9% in the first quarter. Capital World Investors now owns 2,840,962 shares of the basic materials company’s stock worth $145,372,000 after purchasing an additional 866,310 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in ATI by 6.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,317,722 shares of the basic materials company’s stock worth $105,394,000 after buying an additional 139,694 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.