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

Shares of ATI Inc. (NYSE:ATI - Get Free Report) have received an average rating of "Moderate Buy" from the eight research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $73.71.

Several research firms have weighed in on ATI. JPMorgan Chase & Co. raised their price target on ATI from $65.00 to $75.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft boosted their price target on ATI from $81.00 to $84.00 and gave the stock a "buy" rating in a research note on Thursday, October 3rd. Susquehanna lowered their price objective on ATI from $75.00 to $70.00 and set a "positive" rating for the company in a report on Wednesday, October 30th. KeyCorp lowered ATI from an "overweight" rating to a "sector weight" rating in a report on Thursday, October 24th. Finally, StockNews.com raised ATI from a "sell" rating to a "hold" rating in a report on Wednesday.

Insider Transactions at ATI

In other news, SVP Tina Killough Busch sold 2,598 shares of ATI stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $60.02, for a total transaction of $155,931.96. Following the transaction, the senior vice president now directly owns 21,553 shares of the company's stock, valued at $1,293,611.06. This trade represents a 10.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Robert S. Wetherbee sold 25,000 shares of ATI stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $62.23, for a total transaction of $1,555,750.00. Following the transaction, the chairman now directly owns 486,443 shares in the company, valued at approximately $30,271,347.89. This represents a 4.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 77,598 shares of company stock valued at $4,726,682. Corporate insiders own 0.71% of the company's stock.

Institutional Investors Weigh In On ATI

Several institutional investors have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC lifted its position in ATI by 3.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 5,383 shares of the basic materials company's stock valued at $360,000 after acquiring an additional 172 shares in the last quarter. Beck Capital Management LLC increased its stake in ATI by 0.8% in the 2nd quarter. Beck Capital Management LLC now owns 34,229 shares of the basic materials company's stock valued at $1,898,000 after buying an additional 262 shares during the last quarter. KBC Group NV increased its stake in ATI by 12.9% in the 3rd quarter. KBC Group NV now owns 3,362 shares of the basic materials company's stock valued at $225,000 after buying an additional 385 shares during the last quarter. Souders Financial Advisors increased its stake in ATI by 6.1% in the 3rd quarter. Souders Financial Advisors now owns 7,125 shares of the basic materials company's stock valued at $477,000 after buying an additional 411 shares during the last quarter. Finally, Quarry LP increased its stake in ATI by 86.4% in the 3rd quarter. Quarry LP now owns 889 shares of the basic materials company's stock valued at $59,000 after buying an additional 412 shares during the last quarter.

ATI Stock Performance

ATI stock traded up $0.49 during midday trading on Friday, hitting $56.50. 1,214,527 shares of the company's stock were exchanged, compared to its average volume of 1,041,998. The stock has a market cap of $8.06 billion, a price-to-earnings ratio of 21.73, a price-to-earnings-growth ratio of 1.95 and a beta of 1.09. ATI has a 12-month low of $38.04 and a 12-month high of $68.92. The firm's 50 day simple moving average is $59.31 and its 200 day simple moving average is $60.40. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.44 and a current ratio of 2.94.

ATI (NYSE:ATI - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.06). The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.12 billion. ATI had a return on equity of 21.39% and a net margin of 8.85%. The business's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.55 earnings per share. Equities research analysts predict that ATI will post 2.27 EPS for the current year.

ATI declared that its Board of Directors has approved a share repurchase program on Tuesday, September 3rd that allows the company to buyback $700.00 million in shares. This buyback authorization allows the basic materials company to buy up to 9.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

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.