ATI Inc. (NYSE:ATI) Given Consensus Rating of “Moderate Buy” by Analysts

ATI Inc. (NYSE:ATI) has earned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, Marketbeat Ratings 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 12 month target price among brokerages that have issued ratings on the stock in the last year is $73.71.

ATI has been the topic of a number of recent analyst reports. KeyCorp downgraded shares of ATI from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. StockNews.com raised shares of ATI from a “sell” rating to a “hold” rating in a research note on Wednesday, December 11th. Susquehanna cut their price target on ATI from $75.00 to $70.00 and set a “positive” rating for the company in a research note on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on ATI from $81.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd.

ATI Trading Up 0.4 %

NYSE ATI opened at $54.46 on Friday. ATI has a 1 year low of $38.04 and a 1 year high of $68.92. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.94 and a quick ratio of 1.44. The company has a market capitalization of $7.77 billion, a PE ratio of 20.95, a P/E/G ratio of 1.95 and a beta of 1.09. The company has a fifty day moving average of $58.45 and a 200 day moving average of $60.20.

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

ATI announced that its Board of Directors has initiated a share buyback program on Tuesday, September 3rd that permits the company to repurchase $700.00 million in outstanding shares. This repurchase authorization permits the basic materials company to purchase up to 9.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In related news, Chairman Robert S. Wetherbee sold 25,000 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $58.99, for a total transaction of $1,474,750.00. Following the completion of the sale, the chairman now owns 436,443 shares of the company’s stock, valued at approximately $25,745,772.57. This represents a 5.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Tina Killough Busch sold 2,598 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $1,293,611.06. This trade represents a 10.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,598 shares of company stock worth $3,186,432. 0.71% of the stock is owned by corporate insiders.

Institutional Trading of ATI

Several large investors have recently added to or reduced their stakes in the stock. Lord Abbett & CO. LLC purchased a new stake in ATI in the third quarter valued at $3,088,000. Franklin Resources Inc. raised its holdings in ATI by 16.2% in the 3rd quarter. Franklin Resources Inc. now owns 445,746 shares of the basic materials company’s stock valued at $27,993,000 after buying an additional 61,999 shares during the period. Geode Capital Management LLC lifted its position in ATI by 0.3% in the third quarter. Geode Capital Management LLC now owns 1,952,934 shares of the basic materials company’s stock valued at $130,709,000 after buying an additional 5,165 shares during the last quarter. MML Investors Services LLC boosted its stake in ATI by 16.7% during the third quarter. MML Investors Services LLC now owns 6,311 shares of the basic materials company’s stock worth $422,000 after buying an additional 904 shares during the period. Finally, Orion Portfolio Solutions LLC increased its position in shares of ATI by 8.3% during the third quarter. Orion Portfolio Solutions LLC now owns 8,300 shares of the basic materials company’s stock valued at $555,000 after acquiring an additional 633 shares during the last quarter.

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.