ATI (ATI) Stock Price, News & Analysis

Company Overview

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. The AA&S segment produces zirconium and related alloys, including hafnium and niobium, nickel-based alloys, titanium and titanium-based alloys, and specialty alloys in a variety of forms, such as plate, sheet, and precision rolled strip products. It also provides hot-rolling conversion services, including carbon steel products. ATI Inc. serves to aerospace and defense, energy, automotive, construction and mining, food equipment and appliances, and medical markets. The company was formerly known as Allegheny Technologies Incorporated. ATI Inc. was incorporated in 1996 and is headquartered in Dallas, Texas.

Key Stats

• Today's Range: $53.37 to $55.25
• 50-Day Range: $52.70 to $63.56
• 52-Week Range: $38.04 to $68.92
• Volume: 6.68 million shs
• Average Volume: 1.47 million shs
• Market Capitalization: $7.77 billion
• P/E Ratio: 20.95
• Dividend Yield: N/A
• Price Target: $73.71
• Consensus Rating: Moderate Buy

ATI Stock Analysis - MarketRank™

ATI scored higher than 88% of companies evaluated by MarketBeat, and ranked 49th out of 193 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

ATI has received a consensus rating of Moderate Buy. The company's average rating score is 2.63, and is based on 6 buy ratings, 1 hold rating, and 1 sell rating.

Amount of Analyst Coverage

ATI has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 29.52%

Earnings Growth

Earnings for ATI are expected to grow by 29.52% in the coming year, from $2.27 to $2.94 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of ATI is 20.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.72.

Price to Earnings Ratio vs. Sector

The P/E ratio of ATI is 20.95, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 111.90.

Price to Earnings Growth Ratio

ATI has a PEG Ratio of 1.95. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

ATI has a P/B Ratio of 4.69. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.80% of the outstanding shares of ATI have been sold short.

Short Interest Ratio / Days to Cover

ATI has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in ATI has recently decreased by 0.77%, indicating that investor sentiment is improving.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

ATI does not currently pay a dividend.

Dividend Growth

ATI does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of ATI is 12.31%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, ATI will have a dividend payout ratio of 10.88% next year. This indicates that ATI will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -5.76

Percentage of Shares Shorted

1.80% of the outstanding shares of ATI have been sold short.

Short Interest Ratio / Days to Cover

ATI has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in ATI has recently decreased by 0.77%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.1 / 5
• News Sentiment: 0.79

News Sentiment

ATI has a news sentiment score of 0.79. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.53 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for ATI this week, compared to 10 articles on an average week.

Search Interest

Only 3 people have searched for ATI on MarketBeat in the last 30 days. This is a decrease of -79% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added ATI to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, ATI insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,186,432.00 in company stock.

Percentage Held by Insiders

Only 1.05% of the stock of ATI is held by insiders.

ATI Stock Analysis - Frequently Asked Questions

How have ATI shares performed this year?

ATI's stock was trading at $45.47 at the start of the year. Since then, ATI shares have increased by 19.8% and is now trading at $54.46.
View the best growth stocks for 2024 here.

How were ATI's earnings last quarter?

ATI Inc. (NYSE:ATI) posted its quarterly earnings data on Tuesday, October, 29th. The basic materials company reported $0.60 EPS for the quarter, missing analysts' consensus estimates of $0.66 by $0.06. ATI's revenue for the quarter was up 2.5% compared to the same quarter last year.

Is ATI doing a stock buyback?

ATI's board initiated a stock buyback program on Tuesday, September 3rd 2024, which permits the company to repurchase $700,000,000 in outstanding shares, according to EventVestor. This means that the company could purchase up to 9.4% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

Does ATI have any subsidiaries?

The following companies are subsidiaries of ATI: Addaero Manufacturing, Hanard Machine, Dynamic Flowform, Ladish, J&L Specialty Steel, ALC Funding Corporation, Allegheny Ludlum LLC, and more.

Who are ATI's major shareholders?

Top institutional investors of ATI include Mountaineer Partners Management LLC (6.60%), FMR LLC (6.51%), State Street Corp (3.80%) and Geode Capital Management LLC (1.37%). Insiders that own company stock include Robert S Wetherbee, Kevin B Kramer, Elliot S Davis, Timothy J Harris, Karl D Schwartz, James C Diggs and Tina Killough Busch.
View institutional ownership trends.

How do I buy shares of ATI?

Shares of ATI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of ATI own?

Based on aggregate information from My MarketBeat watchlists, some other companies that ATI investors own include American Water Works (AWK), Waste Connections (WCN), DiamondRock Hospitality (DRH), The RMR Group (RMR), Humana (HUM), Voyager Therapeutics (VYGR) and AUO (AUOTY).

Company Calendar

• Last Earnings: 10/29/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Basic Materials
• Industry: Steel pipe & tubes
• Sub-Industry: Steel
• Current Symbol: NYSE:ATI
• CUSIP: 01741R10
• CIK: 1018963
• Web: www.atimetals.com
• Phone: (412) 394-2800
• Fax: 412-394-3034
• Employees: 7,300
• Year Founded: 1996

Price Target and Rating

• Average Stock Price Target: $73.71
• High Stock Price Target: $84.00
• Low Stock Price Target: $67.00
• Potential Upside/Downside: +35.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.63
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.60
• Trailing P/E Ratio: 20.95
• Forward P/E Ratio: 23.99
• P/E Growth: 1.95
• Net Income: $410.80 million
• Net Margins: 8.85%
• Pretax Margin: 7.50%
• Return on Equity: 21.39%
• Return on Assets: 6.75%

Debt

• Debt-to-Equity Ratio: 0.97
• Current Ratio: 2.94
• Quick Ratio: 1.44

Sales & Book Value

• Annual Sales: $4.25 billion
• Price / Sales: 1.83
• Cash Flow: $3.92 per share
• Price / Cash Flow: 13.88
• Book Value: $11.60 per share
• Price / Book: 4.69

Miscellaneous

• Outstanding Shares: 142,643,000
• Free Float: 141,630,000
• Market Cap: $7.77 billion
• Optionable: Optionable
• Beta: 1.09