Brokerages Set ATI Inc. (NYSE:ATI) Target Price at $75.00

Shares of ATI Inc. (NYSE:ATI - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eight brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $75.00.

ATI has been the topic of several research analyst reports. Benchmark upped their price objective on shares of ATI from $80.00 to $81.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Susquehanna lifted their target price on shares of ATI from $70.00 to $73.00 and gave the stock a "positive" rating in a report on Wednesday, February 5th. StockNews.com raised shares of ATI from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, Barclays increased 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.

ATI Stock Down 3.3 %

NYSE:ATI traded down $1.73 on Tuesday, hitting $51.01. The stock had a trading volume of 1,275,579 shares, compared to its average volume of 1,607,398. ATI has a 52 week low of $47.90 and a 52 week high of $68.92. The business's fifty day moving average is $57.22 and its 200 day moving average is $58.56. The company has a quick ratio of 1.32, a current ratio of 2.44 and a debt-to-equity ratio of 0.88. The company has a market cap of $7.25 billion, a PE ratio of 20.00, a P/E/G ratio of 0.85 and a beta of 1.14.

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

Insider Activity at ATI

In related news, SVP Tina Killough Busch sold 9,900 shares of the company's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $66.41, for a total value of $657,459.00. Following the transaction, the senior vice president now directly owns 25,994 shares in the company, valued at approximately $1,726,261.54. This represents a 27.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.71% of the stock is owned by company insiders.

Hedge Funds Weigh In On ATI

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Mountaineer Partners Management LLC increased its stake in shares of ATI by 4,401.2% during 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 buying an additional 9,201,818 shares during the period. Capital World Investors lifted its position in ATI by 100.5% in the fourth quarter. Capital World Investors now owns 6,875,576 shares of the basic materials company's stock valued at $378,432,000 after acquiring an additional 3,446,919 shares during the last quarter. Dendur Capital LP boosted its position in shares of ATI by 601.7% in the 4th quarter. Dendur Capital LP now owns 3,567,000 shares of the basic materials company's stock valued at $196,328,000 after purchasing an additional 3,058,628 shares during the period. Vanguard Group Inc. grew its position in shares of ATI by 15.2% during the fourth quarter. Vanguard Group Inc. now owns 15,335,409 shares of the basic materials company's stock worth $844,061,000 after acquiring an additional 2,020,313 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of ATI in the 4th quarter valued at $85,047,000.

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.