Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:
Shares of ATI Inc. (NYSE:ATI - Get Rating) have received a consensus recommendation of "Moderate Buy" from the nine research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $30.14.
A number of brokerages have issued reports on ATI. Wolfe Research raised shares of ATI from a "peer perform" rating to an "outperform" rating and set a $33.00 price objective for the company in a research report on Friday, August 5th. KeyCorp boosted their target price on shares of ATI from $31.00 to $33.00 and gave the company an "overweight" rating in a research note on Friday, August 5th. Finally, Benchmark boosted their target price on shares of ATI to $37.00 in a research note on Tuesday, August 9th.ATI Trading Down 1.9 %
Shares of ATI stock opened at $28.35 on Friday. ATI has a 52-week low of $13.85 and a 52-week high of $33.31. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.30 and a current ratio of 2.89. The company has a 50-day simple moving average of $29.83 and a two-hundred day simple moving average of $27.14. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 708.93 and a beta of 1.22.
ATI (NYSE:ATI - Get Rating) last issued its quarterly earnings data on Thursday, August 4th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.17. ATI had a net margin of 0.36% and a return on equity of 21.63%. The business had revenue of $959.50 million during the quarter, compared to the consensus estimate of $837.33 million. During the same period in the prior year, the firm posted ($0.12) EPS. The firm's quarterly revenue was up 55.7% compared to the same quarter last year. Research analysts anticipate that ATI will post 2.02 EPS for the current fiscal year. Insider Activity at ATI
In related news, Director James C. Diggs sold 12,500 shares of the company's stock in a transaction that occurred on Tuesday, July 19th. The shares were sold at an average price of $24.00, for a total transaction of $300,000.00. Following the sale, the director now directly owns 46,060 shares in the company, valued at approximately $1,105,440. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director James C. Diggs sold 12,500 shares of the company's stock in a transaction that occurred on Tuesday, July 19th. The shares were sold at an average price of $24.00, for a total transaction of $300,000.00. Following the sale, the director now directly owns 46,060 shares in the company, valued at approximately $1,105,440. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert S. Wetherbee sold 15,000 shares of the company's stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $27.13, for a total transaction of $406,950.00. Following the sale, the chief executive officer now owns 343,753 shares in the company, valued at $9,326,018.89. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,500 shares of company stock worth $819,490. 0.82% of the stock is owned by corporate insiders. Institutional Trading of ATI
A number of institutional investors have recently modified their holdings of the business. Cornerstone Advisory LLC purchased a new stake in ATI in the 4th quarter worth approximately $32,000. FNY Investment Advisers LLC lifted its stake in ATI by 1,460.0% in the 1st quarter. FNY Investment Advisers LLC now owns 1,560 shares of the basic materials company's stock worth $41,000 after purchasing an additional 1,460 shares in the last quarter. National Bank of Canada FI lifted its stake in ATI by 2,264.0% in the 1st quarter. National Bank of Canada FI now owns 2,364 shares of the basic materials company's stock worth $63,000 after purchasing an additional 2,264 shares in the last quarter. NN Investment Partners Holdings N.V. purchased a new stake in ATI in the 1st quarter worth approximately $99,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in ATI in the 1st quarter worth approximately $110,000. About ATI (Get Rating)
ATI Inc manufactures and sells specialty materials and components worldwide. The company 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, 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.See AlsoGet a free copy of the StockNews.com research report on ATI (ATI)3 Stocks With Market-Beating Price PerformanceLucid Motors May Test Investors' Resolve, But Should They Sell? Box Inc. Stock on Track to Become a Q4 WinnerAddentax Price Swings Give Reason To Wait Is Ford's Revenue Enough to Juice its Stock Price?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider ATI, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ATI wasn't on the list.
While ATI currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter:
Kirk McDonald shares three stocks from different industries with different market caps and explains why each is a holding in his portfolio.
Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access members have access to premium reports, best-in-class portfolio monitoring tools, and our latest stock picks.
Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.
Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies, and more.
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.
Twitter Facebook StockTwits Financial Juice YouTube
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved. 326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257 MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds
© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.