ATI Inc. (NYSE:ATI) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

ATI Inc. (NYSE:ATI - Get Free Report) has received an average recommendation of "Moderate Buy" from the eight ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $74.14.

A number of equities analysts recently commented on the company. Susquehanna increased their price target on ATI from $70.00 to $73.00 and gave the company a "positive" rating in a research note on Wednesday. StockNews.com upgraded ATI from a "sell" rating to a "hold" rating in a research report on Thursday. Finally, KeyCorp cut shares of ATI from an "overweight" rating to a "sector weight" rating in a research report on Thursday, October 24th.

Insider Buying and Selling at ATI

In other news, Chairman Robert S. Wetherbee sold 25,000 shares of the business's stock in a transaction on 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 directly owns 436,443 shares of the company's stock, valued at approximately $25,745,772.57. The trade was a 5.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Tina Killough Busch sold 2,598 shares of the firm's stock in a transaction dated 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 represents a 10.76 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.05% of the company's stock.

Institutional Trading of ATI

Large investors have recently modified their holdings of the company. Creative Planning raised its position in ATI by 30.0% during the 2nd quarter. Creative Planning now owns 24,715 shares of the basic materials company's stock valued at $1,370,000 after purchasing an additional 5,705 shares in the last quarter. Quarry LP bought a new stake in shares of ATI in the second quarter valued at about $26,000. GAMMA Investing LLC grew its holdings in ATI by 66.0% during the 3rd quarter. GAMMA Investing LLC now owns 3,344 shares of the basic materials company's stock worth $224,000 after acquiring an additional 1,330 shares in the last quarter. CWM LLC grew its holdings in ATI by 5,005.1% during the 3rd quarter. CWM LLC now owns 35,174 shares of the basic materials company's stock worth $2,353,000 after acquiring an additional 34,485 shares in the last quarter. Finally, Wedmont Private Capital bought a new stake in shares of ATI in the 3rd quarter valued at about $234,000.

ATI Price Performance

NYSE:ATI traded down $2.42 on Monday, reaching $63.44. 2,335,069 shares of the company's stock traded hands, compared to its average volume of 1,550,624. The company has a quick ratio of 1.44, a current ratio of 2.94 and a debt-to-equity ratio of 0.97. The stock has a 50-day simple moving average of $57.21 and a 200-day simple moving average of $60.22. ATI has a 12 month low of $39.04 and a 12 month high of $68.92. The firm has a market cap of $9.05 billion, a PE ratio of 24.40, a P/E/G ratio of 1.52 and a beta of 1.10.

ATI (NYSE:ATI - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.60 by $0.19. The business had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.07 billion. ATI had a net margin of 8.85% and a return on equity of 21.39%. The business's quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.64 EPS. Equities research analysts forecast that ATI will post 2.28 earnings per share for the current year.

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.