ATI (NYSE:ATI) Upgraded to "Overweight" at KeyCorp

ATI (NYSE:ATI - Get Free Report) was upgraded by investment analysts at KeyCorp from a "sector weight" rating to an "overweight" rating in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. The brokerage currently has a $55.00 price objective on the basic materials company's stock. KeyCorp's target price would suggest a potential upside of 20.54% from the company's current price.

Other equities analysts also recently issued research reports about the company. Benchmark reiterated a "buy" rating and issued a $81.00 price objective on shares of ATI in a report on Monday. StockNews.com upgraded shares of ATI from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Susquehanna lifted their target price on shares of ATI from $70.00 to $73.00 and gave the company a "positive" rating in a report on Wednesday, February 5th. Finally, Barclays upped their price target on ATI from $70.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $73.29.

ATI Stock Performance

NYSE:ATI opened at $45.63 on Wednesday. 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 firm's fifty day simple moving average is $52.07 and its 200 day simple moving average is $56.25. The stock has a market cap of $6.44 billion, a P/E ratio of 17.89, a price-to-earnings-growth ratio of 0.85 and a beta of 0.80. ATI has a twelve month low of $39.23 and a twelve month high of $68.92.

ATI (NYSE:ATI - Get Free Report) last issued its quarterly earnings data 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. ATI had a net margin of 8.43% and a return on equity of 21.16%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the business posted $0.64 earnings per share. ATI's quarterly revenue was up 10.2% compared to the same quarter last year. As a group, research analysts predict that ATI will post 2.89 EPS for the current year.

Insider Activity at ATI

In other ATI 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 completion of the sale, the senior vice president now directly owns 25,994 shares in the company, valued at approximately $1,726,261.54. The trade was a 27.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On ATI

Several hedge funds and other institutional investors have recently made changes to their positions in the business. ORG Wealth Partners LLC purchased a new stake in ATI during the fourth quarter valued at approximately $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 in the last quarter. Farther Finance Advisors LLC lifted its position in ATI by 418.1% during the first quarter. Farther Finance Advisors LLC now owns 1,316 shares of the basic materials company's stock valued at $69,000 after purchasing an additional 1,062 shares in the last quarter. UMB Bank n.a. grew its holdings in ATI by 86.2% during the first quarter. UMB Bank n.a. now owns 1,579 shares of the basic materials company's stock valued at $82,000 after purchasing an additional 731 shares during the period. Finally, Mainstream Capital Management LLC purchased a new stake in ATI in the fourth quarter worth about $94,000.

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.

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