ATI (NYSE:ATI) Receives Buy Rating from Benchmark

Benchmark reissued their buy rating on shares of ATI (NYSE:ATI - Free Report) in a research report report published on Monday morning,Benzinga reports. Benchmark currently has a $81.00 price objective on the basic materials company's stock.

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

ATI Stock Up 1.8 %

ATI traded up $0.93 on Monday, hitting $51.34. The company had a trading volume of 133,318 shares, compared to its average volume of 2,059,379. The stock has a market capitalization of $7.24 billion, a price-to-earnings ratio of 20.13, a P/E/G ratio of 0.85 and a beta of 0.80. 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 fifty day moving average price of $51.87 and a 200-day moving average price of $56.21. ATI has a 12-month low of $39.23 and a 12-month high of $68.92.

ATI (NYSE:ATI - Get Free Report) last announced its 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. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. ATI had a net margin of 8.43% and a return on equity of 21.16%. ATI's revenue was up 10.2% compared to the same quarter last year. During the same period last year, the firm earned $0.64 earnings per share. Analysts predict that ATI will post 2.89 EPS for the current fiscal year.

Insider Buying and Selling

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

Institutional Investors Weigh In On ATI

A number of institutional investors have recently added to or reduced their stakes in the business. CIBC Asset Management Inc lifted its holdings in ATI by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 3,915 shares of the basic materials company's stock valued at $215,000 after acquiring an additional 192 shares during the period. Keystone Financial Group lifted its holdings in ATI by 5.3% in the 4th quarter. Keystone Financial Group now owns 3,950 shares of the basic materials company's stock valued at $217,000 after purchasing an additional 200 shares in the last quarter. Pier 88 Investment Partners LLC boosted its stake in shares of ATI by 3.0% during the 4th quarter. Pier 88 Investment Partners LLC now owns 7,620 shares of the basic materials company's stock worth $419,000 after purchasing an additional 220 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in shares of ATI by 2.1% during the fourth quarter. Hantz Financial Services Inc. now owns 11,680 shares of the basic materials company's stock worth $643,000 after buying an additional 240 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of ATI by 20.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,729 shares of the basic materials company's stock valued at $95,000 after buying an additional 288 shares during the last quarter.

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.