ATI Inc. (NYSE:ATI) Given Consensus Recommendation of "Moderate Buy" by Brokerages

ATI Inc. (NYSE:ATI - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $73.29.

A number of equities analysts recently commented on ATI shares. Benchmark reissued a "buy" rating and issued a $81.00 price objective on shares of ATI in a research note on Monday. Barclays boosted their price objective on shares of ATI from $70.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. KeyCorp raised shares of ATI from a "sector weight" rating to an "overweight" rating and set a $55.00 price objective for the company in a research note on Wednesday. StockNews.com raised shares of ATI from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, Susquehanna boosted their price objective on shares of ATI from $70.00 to $73.00 and gave the stock a "positive" rating in a research note on Wednesday, February 5th.

ATI Trading Up 10.5 %

NYSE ATI traded up $4.80 during trading on Friday, hitting $50.41. The stock had a trading volume of 526,083 shares, compared to its average volume of 2,052,328. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.32 and a current ratio of 2.44. The stock has a market capitalization of $7.11 billion, a price-to-earnings ratio of 19.77, a P/E/G ratio of 0.85 and a beta of 0.80. ATI has a one year low of $39.23 and a one year high of $68.92. The stock has a 50 day simple moving average of $52.07 and a 200 day simple moving average of $56.25.

ATI (NYSE:ATI - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.19. ATI had a net margin of 8.43% and a return on equity of 21.16%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the firm posted $0.64 earnings per share. The company's revenue was up 10.2% on a year-over-year basis. Sell-side analysts predict that ATI will post 2.89 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Tina Killough Busch sold 9,900 shares of the business's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $66.41, for a total transaction of $657,459.00. Following the sale, the senior vice president now directly owns 25,994 shares of the company's stock, valued at $1,726,261.54. The trade was a 27.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On ATI

Large investors have recently made changes to their positions in the stock. ORG Wealth Partners LLC purchased a new stake in shares of ATI during the fourth quarter valued at $25,000. Fifth Third Bancorp lifted its position in ATI by 115.7% during the first quarter. Fifth Third Bancorp now owns 1,124 shares of the basic materials company's stock valued at $58,000 after purchasing an additional 603 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of ATI by 418.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,316 shares of the basic materials company's stock valued at $69,000 after buying an additional 1,062 shares during the period. UMB Bank n.a. boosted its stake in shares of ATI by 86.2% in the first quarter. UMB Bank n.a. now owns 1,579 shares of the basic materials company's stock worth $82,000 after buying an additional 731 shares during the last quarter. Finally, Mainstream Capital Management LLC acquired a new stake in ATI during the fourth quarter worth about $94,000.

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.