ATI Inc. (NYSE:ATI) Receives $75.00 Average Price Target from Analysts

ATI Inc. (NYSE:ATI - Get Free Report) has earned an average recommendation of "Moderate Buy" from the eight research firms that are presently 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 analysts that have updated their coverage on the stock in the last year is $75.00.

Several equities analysts recently weighed in on the company. Susquehanna lifted their price target on ATI from $70.00 to $73.00 and gave the company a "positive" rating in a research note on Wednesday, February 5th. Benchmark boosted their price objective on ATI from $80.00 to $81.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Barclays increased their target price on ATI from $70.00 to $75.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. Finally, StockNews.com raised shares of ATI from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th.

ATI Stock Performance

NYSE:ATI traded down $0.33 during trading hours on Friday, reaching $57.83. The company had a trading volume of 1,991,967 shares, compared to its average volume of 1,526,894. The firm has a market cap of $8.22 billion, a PE ratio of 22.68, a price-to-earnings-growth ratio of 0.85 and a beta of 1.10. ATI has a 1-year low of $47.58 and a 1-year high of $68.92. The business's 50 day moving average price is $58.12 and its 200-day moving average price is $59.86. 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 - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.19. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.07 billion. ATI had a net margin of 8.43% and a return on equity of 21.16%. The firm's quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.64 earnings per share. Research analysts forecast that ATI will post 2.89 EPS for the current year.

Insider Activity at ATI

In related news, SVP Tina Killough Busch sold 2,598 shares of the company's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $60.02, for a total transaction of $155,931.96. Following the completion of the sale, the senior vice president now owns 21,553 shares of the company's stock, valued at approximately $1,293,611.06. This represents a 10.76 % 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, Chairman Robert S. Wetherbee sold 25,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $58.99, for a total transaction of $1,474,750.00. Following the completion of the transaction, the chairman now directly owns 436,443 shares in the company, valued at $25,745,772.57. This trade represents a 5.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,498 shares of company stock valued at $2,288,141. 0.71% of the stock is owned by insiders.

Institutional Trading of ATI

Large investors have recently added to or reduced their stakes in the stock. Raymond James & Associates boosted its position in shares of ATI by 159.2% during the 3rd quarter. Raymond James & Associates now owns 119,358 shares of the basic materials company's stock valued at $7,986,000 after acquiring an additional 73,308 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in ATI by 13.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 16,333 shares of the basic materials company's stock valued at $1,093,000 after purchasing an additional 1,936 shares during the last quarter. Pallas Capital Advisors LLC purchased a new stake in shares of ATI in the 3rd quarter valued at approximately $307,000. New York State Teachers Retirement System increased its holdings in shares of ATI by 2.4% during the 3rd quarter. New York State Teachers Retirement System now owns 157,480 shares of the basic materials company's stock worth $10,537,000 after buying an additional 3,760 shares during the last quarter. Finally, Catalyst Capital Advisors LLC increased its holdings in shares of ATI by 12,413.7% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 47,427 shares of the basic materials company's stock worth $3,173,000 after buying an additional 47,048 shares during the last quarter.

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.