ATI Inc. (NYSE:ATI) Receives $73.71 Consensus Target Price from Brokerages

ATI Inc. (NYSE:ATI - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eight ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $73.71.

Several research firms have issued reports on ATI. StockNews.com cut ATI from a "hold" rating to a "sell" rating in a report on Thursday. Susquehanna cut their target price on ATI from $75.00 to $70.00 and set a "positive" rating on the stock in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft increased their price target on ATI from $81.00 to $84.00 and gave the company a "buy" rating in a research report on Thursday, October 3rd. Finally, KeyCorp lowered shares of ATI from an "overweight" rating to a "sector weight" rating in a research note on Thursday, October 24th.

Insider Transactions at ATI

In other ATI news, SVP Tina Killough Busch sold 2,598 shares of the company's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $60.02, for a total value 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 represents a 10.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Robert S. Wetherbee sold 25,000 shares of ATI stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $58.99, for a total value of $1,474,750.00. Following the sale, the chairman now owns 436,443 shares of the company's stock, valued at approximately $25,745,772.57. This represents a 5.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,598 shares of company stock valued at $3,186,432 over the last three months. 0.71% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ATI. Mountaineer Partners Management LLC boosted its holdings in ATI by 4,401.2% in the third quarter. Mountaineer Partners Management LLC now owns 9,410,891 shares of the basic materials company's stock worth $629,683,000 after purchasing an additional 9,201,818 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of ATI by 4.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,506,609 shares of the basic materials company's stock worth $139,003,000 after acquiring an additional 102,691 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of ATI by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,952,934 shares of the basic materials company's stock valued at $130,709,000 after acquiring an additional 5,165 shares during the last quarter. Millennium Management LLC raised its stake in shares of ATI by 165.1% in the 2nd quarter. Millennium Management LLC now owns 1,944,919 shares of the basic materials company's stock valued at $107,846,000 after acquiring an additional 1,211,273 shares in the last quarter. Finally, Federated Hermes Inc. raised its stake in shares of ATI by 4.3% in the 2nd quarter. Federated Hermes Inc. now owns 1,702,648 shares of the basic materials company's stock valued at $94,412,000 after acquiring an additional 70,812 shares in the last quarter.

ATI Price Performance

ATI stock traded up $0.09 during trading on Thursday, hitting $55.61. The company had a trading volume of 1,438,364 shares, compared to its average volume of 1,364,893. The business has a 50 day moving average of $56.93 and a 200 day moving average of $60.08. The company has a current ratio of 2.94, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $7.93 billion, a price-to-earnings ratio of 21.39, a P/E/G ratio of 1.95 and a beta of 1.12. ATI has a fifty-two week low of $38.04 and a fifty-two week high of $68.92.

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

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.