ATI Inc. (NYSE:ATI) Given Average Rating of “Moderate Buy” by Brokerages

Shares of ATI Inc. (NYSE:ATI) have been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $76.14.

A number of research firms have commented on ATI. Citigroup raised ATI to a “positive” rating in a report on Tuesday. BTIG Research set a $90.00 price objective on shares of ATI and gave the company a “buy” rating in a research note on Monday, May 5th. StockNews.com raised shares of ATI from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. KeyCorp cut shares of ATI from an “overweight” rating to a “sector weight” rating in a report on Tuesday. Finally, Susquehanna lifted their price target 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.

ATI Price Performance

Shares of ATI opened at $76.00 on Wednesday. The company has a current ratio of 2.44, a quick ratio of 1.32 and a debt-to-equity ratio of 0.88. The stock’s 50 day moving average is $55.73 and its two-hundred day moving average is $56.92. ATI has a twelve month low of $39.23 and a twelve month high of $76.74. The firm has a market capitalization of $10.72 billion, a PE ratio of 29.80, a P/E/G ratio of 0.85 and a beta of 1.01.

ATI (NYSE:ATI) last posted its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.58 by $0.14. ATI had a return on equity of 21.16% and a net margin of 8.43%. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the firm earned $0.48 EPS. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. Research analysts anticipate that ATI will post 2.89 earnings per share for the current year.

Insider Buying and Selling at ATI

In other ATI news, Chairman Robert S. Wetherbee sold 50,000 shares of the company’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $68.18, for a total value of $3,409,000.00. Following the sale, the chairman now owns 506,538 shares of the company’s stock, valued at $34,535,760.84. This represents a 8.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. WPG Advisers LLC purchased a new stake in ATI in the 1st quarter valued at approximately $29,000. Golden State Wealth Management LLC raised its holdings in shares of ATI by 104.1% in the first quarter. Golden State Wealth Management LLC now owns 596 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 304 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of ATI by 139.9% in the first quarter. Bessemer Group Inc. now owns 662 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 386 shares in the last quarter. Olde Wealth Management LLC purchased a new stake in shares of ATI in the first quarter valued at $36,000. Finally, Headlands Technologies LLC acquired a new stake in shares of ATI during the first quarter valued at $47,000.

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.