ATI (NYSE:ATI) Stock Price Expected to Rise, Barclays Analyst Says

ATI (NYSE:ATI - Free Report) had its target price increased by Barclays from $70.00 to $75.00 in a report published on Monday,Benzinga reports. Barclays currently has an overweight rating on the basic materials company's stock.

Several other equities analysts have also recently weighed in on the company. Susquehanna lifted their target price on ATI from $70.00 to $73.00 and gave the company a "positive" rating in a research note on Wednesday, February 5th. StockNews.com upgraded ATI from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Finally, KeyCorp cut ATI from an "overweight" rating to a "sector weight" rating in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $75.00.

ATI Stock Up 0.8 %

NYSE:ATI traded up $0.49 on Monday, hitting $61.27. 1,511,293 shares of the company's stock traded hands, compared to its average volume of 1,556,241. The company has a current ratio of 2.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.88. ATI has a 1 year low of $41.91 and a 1 year high of $68.92. The firm has a 50-day moving average price of $57.44 and a 200-day moving average price of $60.21. The company has a market cap of $8.74 billion, a PE ratio of 24.03, a price-to-earnings-growth ratio of 1.69 and a beta of 1.10.

ATI (NYSE:ATI - Get Free Report) last released 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. ATI had a return on equity of 21.16% and a net margin of 8.43%. The company had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.07 billion. During the same quarter in the previous year, the business posted $0.64 EPS. The business's revenue for the quarter was up 10.2% on a year-over-year basis. Equities analysts anticipate that ATI will post 2.87 EPS for the current fiscal year.

Insider Activity at ATI

In other ATI news, Chairman Robert S. Wetherbee sold 25,000 shares of the company's stock in a transaction that occurred on Wednesday, December 4th. The stock was 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 owns 436,443 shares of the company's stock, valued at $25,745,772.57. This represents a 5.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Tina Killough Busch sold 2,598 shares of the company's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $60.02, for a total value of $155,931.96. Following the sale, the senior vice president now directly owns 21,553 shares of the company's stock, valued at $1,293,611.06. The trade was a 10.76 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,498 shares of company stock valued at $2,288,141. 0.71% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On ATI

Large investors have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. bought a new stake in ATI during the third quarter worth approximately $765,000. Franklin Resources Inc. boosted its position in shares of ATI by 16.2% in the third quarter. Franklin Resources Inc. now owns 445,746 shares of the basic materials company's stock valued at $27,993,000 after acquiring an additional 61,999 shares during the period. Advisors Asset Management Inc. boosted its position in shares of ATI by 16.9% in the third quarter. Advisors Asset Management Inc. now owns 77,022 shares of the basic materials company's stock valued at $5,154,000 after acquiring an additional 11,154 shares during the period. Covea Finance boosted its position in shares of ATI by 32.7% in the fourth quarter. Covea Finance now owns 65,000 shares of the basic materials company's stock valued at $3,578,000 after acquiring an additional 16,000 shares during the period. Finally, Forest Avenue Capital Management LP bought a new stake in shares of ATI in the third quarter valued at approximately $28,700,000.

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.