ATI Inc. (NYSE:ATI) Given Average Rating of “Moderate Buy” by Brokerages

Shares of ATI Inc. (NYSE:ATI) have received a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $75.00.

A number of equities analysts have issued reports on the stock. Barclays lifted their target price on shares of ATI from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Susquehanna raised their price target on ATI from $70.00 to $73.00 and gave the stock a “positive” rating in a research report on Wednesday, February 5th. Benchmark upped their price objective on shares of ATI from $80.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Finally, StockNews.com raised ATI from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th.

ATI Price Performance

Shares of NYSE:ATI opened at $51.01 on Tuesday. ATI has a 12 month low of $47.90 and a 12 month high of $68.92. The firm has a market capitalization of $7.25 billion, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of 0.85 and a beta of 1.14. The business’s 50 day simple moving average is $57.10 and its 200-day simple moving average is $58.50. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.44 and a quick ratio of 1.32.

ATI (NYSE:ATI) last posted its earnings results on Tuesday, February 4th. The basic materials company reported $0.79 EPS for the quarter, topping 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 company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the business earned $0.64 earnings per share. ATI’s quarterly revenue was up 10.2% compared to the same quarter last year. As a group, equities analysts forecast that ATI will post 2.89 earnings per share for the current fiscal year.

Insider Buying and Selling at ATI

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Capital International Investors boosted its stake in ATI by 5.4% in the 4th quarter. Capital International Investors now owns 15,901,561 shares of the basic materials company’s stock worth $875,190,000 after purchasing an additional 817,182 shares during the period. Vanguard Group Inc. raised its position in ATI by 15.2% during the fourth quarter. Vanguard Group Inc. now owns 15,335,409 shares of the basic materials company’s stock valued at $844,061,000 after acquiring an additional 2,020,313 shares in the last quarter. Mountaineer Partners Management LLC lifted its stake in shares of ATI by 4,401.2% in the 3rd quarter. Mountaineer Partners Management LLC now owns 9,410,891 shares of the basic materials company’s stock valued at $629,683,000 after purchasing an additional 9,201,818 shares during the last quarter. Capital World Investors boosted its stake in shares of ATI by 100.5% during the 4th quarter. Capital World Investors now owns 6,875,576 shares of the basic materials company’s stock worth $378,432,000 after acquiring an additional 3,446,919 shares in the last quarter. Finally, Invesco Ltd. boosted its position in ATI by 4.5% during the fourth quarter. Invesco Ltd. now owns 4,696,500 shares of the basic materials company’s stock worth $258,495,000 after purchasing an additional 203,742 shares during the period.

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.