Analysts Set ATI Inc. (NYSE:ATI) Price Target at $75.00

ATI Inc. (NYSE:ATI) has received a consensus rating of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $75.00.

ATI has been the topic of a number of research reports. Benchmark increased their price objective on ATI from $80.00 to $81.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. StockNews.com upgraded shares of ATI from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Susquehanna upped their price objective on shares of ATI from $70.00 to $73.00 and gave the stock a “positive” rating in a report on Wednesday, February 5th. Finally, Barclays raised their target price on ATI from $70.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, February 10th.

ATI Trading Down 2.9 %

Shares of NYSE:ATI opened at $56.11 on Friday. The firm has a fifty day moving average of $58.17 and a two-hundred day moving average of $59.75. The company has a quick ratio of 1.32, a current ratio of 2.44 and a debt-to-equity ratio of 0.88. ATI has a 12-month low of $47.58 and a 12-month high of $68.92. The firm has a market capitalization of $7.98 billion, a P/E ratio of 22.00, a price-to-earnings-growth ratio of 0.85 and a beta of 1.10.

ATI (NYSE:ATI) last issued its earnings results on Tuesday, February 4th. The basic materials company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.19. ATI had a return on equity of 21.16% and a net margin of 8.43%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the company posted $0.64 earnings per share. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. On average, equities analysts expect that ATI will post 2.89 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Tina Killough Busch sold 9,900 shares of the business’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $66.41, for a total transaction of $657,459.00. Following the transaction, the senior vice president now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.71% of the company’s stock.

Institutional Investors Weigh In On ATI

A number of institutional investors have recently added to or reduced their stakes in the company. Hantz Financial Services Inc. bought a new stake in shares of ATI in the 3rd quarter worth approximately $765,000. Franklin Resources Inc. lifted its position in ATI by 16.2% in the third quarter. Franklin Resources Inc. now owns 445,746 shares of the basic materials company’s stock worth $27,993,000 after purchasing an additional 61,999 shares during the period. Advisors Asset Management Inc. boosted its stake in ATI by 16.9% during the third quarter. Advisors Asset Management Inc. now owns 77,022 shares of the basic materials company’s stock worth $5,154,000 after buying an additional 11,154 shares in the last quarter. Covea Finance increased its holdings in ATI by 32.7% in the 4th quarter. Covea Finance now owns 65,000 shares of the basic materials company’s stock valued at $3,578,000 after buying an additional 16,000 shares during the period. Finally, Forest Avenue Capital Management LP acquired a new position in shares of ATI in the 3rd quarter valued at $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.