Should I buy or sell ATI stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ATI in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ATI shares. View ATI analyst ratings or view top-rated stocks .

What is ATI's stock price target for 2024?

5 analysts have issued twelve-month price objectives for ATI's stock. Their ATI share price targets range from $50.00 to $70.00. On average, they anticipate the company's share price to reach $55.67 in the next year. This suggests a possible upside of 10.9% from the stock's current price. View analysts price targets for ATI or view top-rated stocks among Wall Street analysts .

How have ATI shares performed in 2024?

ATI's stock was trading at $45.47 on January 1st, 2024. Since then, ATI shares have increased by 10.4% and is now trading at $50.20. View the best growth stocks for 2024 here .

When is ATI's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024. View our ATI earnings forecast .

How can I listen to ATI's earnings call?

ATI will be holding an earnings conference call on Tuesday, April 30th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link .

How were ATI's earnings last quarter?

ATI Inc. (NYSE:ATI) announced its earnings results on Thursday, February, 1st. The basic materials company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. The basic materials company earned $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. ATI had a trailing twelve-month return on equity of 24.64% and a net margin of 8.81%. The company's revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the company posted $0.53 earnings per share.

What ETFs hold ATI's stock?

ETFs with the largest weight of ATI (NYSE:ATI) stock in their portfolio include Invesco S&P SmallCap Materials ETF (PSCM) , VanEck Steel ETF (SLX) , SPDR S&P Metals & Mining ETF (XME) , Direxion Daily Metals & Mining Bull 2X Shares (MNM) , Tema American Reshoring ETF (RSHO) , Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ) , Global X Autonomous & Electric Vehicles ETF (DRIV) and SPDR S&P 600 Small Cap Growth ETF (SLYG) .

How will ATI's stock buyback program work?

ATI declared that its Board of Directors has authorized a stock repurchase program on Wednesday, November 29th 2023, which allows the company to buyback $150,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 2.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company's management believes its stock is undervalued.

What guidance has ATI issued on next quarter's earnings?

ATI issued an update on its first quarter 2024 earnings guidance on Friday, February, 2nd. The company provided earnings per share (EPS) guidance of 0.360-0.440 for the period, compared to the consensus estimate of 0.530. The company issued revenue guidance of -.

What is Robert S. Wetherbee's approval rating as ATI's CEO?

25 employees have rated ATI Chief Executive Officer Robert S. Wetherbee on Glassdoor.com . Robert S. Wetherbee has an approval rating of 92% among the company's employees. This puts Robert S. Wetherbee in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of ATI own?

Based on aggregate information from My MarketBeat watchlists, some companies that other ATI investors own include Intel (INTC) , Cisco Systems (CSCO) , Bank of America (BAC) , Micron Technology (MU) , Ford Motor (F) , NVIDIA (NVDA) , AT&T (T) , Bristol-Myers Squibb (BMY) , Pfizer (PFE) and Chesapeake Energy (CHKAQ) .

Who are ATI's major shareholders?

ATI's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Hennessy Advisors Inc. (0.09%), Ballentine Partners LLC (0.02%) and GAMMA Investing LLC (0.00%). Insiders that own company stock include Acquisition Sponsor I Fortress, Elliot S Davis , James C Diggs , Karl D Schwartz , Kevin B Kramer, Kevin B Kramer , Robert S Wetherbee and Timothy J Harris . 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 .

Does ATI have any subsidiaries?

The following companies are subsidiares of ATI: ALC Funding Corporation, ATI Flat Rolled Products Holdings LLC, ATI Ladish LLC, ATI Operating Holdings LLC, ATI Properties Inc., Addaero Manufacturing, Allegheny Ludlum LLC, Dynamic Flowform, Hanard Machine, J&L Specialty Steel, Ladish, Shanghai STAL Precision Stainless Steel Company Limited (1), TDY Holdings LLC, TDY Holdings Limited, and TDY Industries LLC. Read More

NYSE:ATI

ATI (ATI) Stock Price, News & Analysis

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$50.20

-0.89 (-1.74%)

(As of 09:33 AM ET)

Compare

Today's Range: $50.18
▼
$50.20
50-Day Range: $39.05
▼
$52.09
52-Week Range: $34.10
▼
$52.98

Volume: 6,982 shs
Average Volume: 1.30 million shs
Market Capitalization: $6.25 billion

P/E Ratio: 20.00
Dividend Yield: N/A
Price Target: $55.67

Get ATI alerts:

ATI MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 10.9% Upside
$55.67 Price Target
Short Interest: Bearish
5.07% of Float Sold Short
Dividend Strength: N/A
Sustainability: -5.76
Upright™ Environmental Score
News Sentiment: 0.42
Based on 17 Articles This Week
Insider Trading: Selling Shares
$268,433 Sold Last Quarter
Proj. Earnings Growth: 22.81%
From $2.28 to $2.80 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.08 out of 5 stars

Basic Materials Sector

109th out of 166 stocks

Steel Pipe & Tubes Industry

3rd out of 3 stocks

2.5

Analyst's Opinion

Consensus Rating
ATI has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 5 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
ATI has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
5.07% of the float of ATI has been sold short.
Short Interest Ratio / Days to Cover
ATI has a short interest ratio ("days to cover") of 4.8.
Change versus previous month
Short interest in ATI has recently decreased by 4.78%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
ATI does not currently pay a dividend.
Dividend Growth
ATI does not have a long track record of dividend growth.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
ATI has received a -128.72% net impact score from Upright. The largest negative impact of Allegheny Technologies in category "GHG emissions" seems to be driven mostly by its "Steel forging services", "Titanium", "Stainless steel coils", and "Nickel bars" products. See details.
Environmental Sustainability
The Environmental Impact score for ATI is -5.76.

1.9

News and Social Media Coverage

News Sentiment
ATI has a news sentiment score of 0.42. 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 news sentiment score is similar to the average news sentiment of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 17 news articles for ATI this week, compared to 9 articles on an average week.
Search Interest
Only 5 people have searched for ATI on MarketBeat in the last 30 days. This is a decrease of -29% compared to the previous 30 days.
MarketBeat Follows
Only 4 people have added ATI to their MarketBeat watchlist in the last 30 days. This is a decrease of -43% compared to the previous 30 days.

0.8

Company Ownership

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 $268,433.00 in company stock.
Percentage Held by Insiders
Only 1.05% of the stock of ATI is held by insiders.

3.1

Earnings and Valuation

Earnings Growth
Earnings for ATI are expected to grow by 22.81% in the coming year, from $2.28 to $2.80 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of ATI is 20.00, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.07.
Price to Earnings Ratio vs. Sector
The P/E ratio of ATI is 20.00, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 126.63.
Price to Book Value per Share Ratio
ATI has a P/B Ratio of 4.33. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About ATI Stock (NYSE: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. 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.

ATI Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ATI Stock News Headlines

April 13, 2024 | americanbankingnews.com

ATI (NYSE:ATI) Stock Price Up 3%

April 13, 2024 | americanbankingnews.com

ATI (NYSE:ATI) Now Covered by Deutsche Bank Aktiengesellschaft

April 16, 2024 | Gold Safe Exchange (Ad)

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April 11, 2024 | bizjournals.com

ATI marks $65M expansion at longtime Vandergrift plant

April 11, 2024 | prnewswire.com

ATI Celebrates Completion of Most Advanced Materials Finishing Operations

April 11, 2024 | msn.com

Bernice Saroni Says She Asked Ex-Hubby to Stop Calling Her Past 7pm: “Ati He Misses Us?”

April 11, 2024 | msn.com

DAR vows new land for Ati members in Boracay

April 10, 2024 | americanbankingnews.com

Reviewing Inno (NASDAQ:INHD) and ATI (NYSE:ATI)

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Trump’s “Tax Free” Retirement Strategy

April 10, 2024 | americanbankingnews.com

ATI (NYSE:ATI) & Inno (NASDAQ:INHD) Financial Comparison

April 9, 2024 | americanbankingnews.com

ATI Inc. (NYSE:ATI) Receives Average Rating of "Buy" from Brokerages

April 9, 2024 | americanbankingnews.com

ATI (NYSE:ATI) & Inno (NASDAQ:INHD) Head to Head Comparison

April 8, 2024 | businesswire.com

Mutual Aid EMS Clinicians Recognized at Allegheny Health Network Trauma Symposium

April 8, 2024 | forbes.com

American Talent Initiative Sees Gain In Lower-Income College Students

April 7, 2024 | msn.com

Fighting for their land: on Philippines’ Boracay island, indigenous Ati tribe faces eviction threat

April 6, 2024 | msn.com

Boracay’s Ati tribe hopes to stay amid land dispute

April 4, 2024 | seekingalpha.com

ATI: Strongly Positioned For The Long Term, But Would Avoid Buying Now

April 3, 2024 | msn.com

Aditxt agrees to acquire Appili Therapeutics

April 2, 2024 | finance.yahoo.com

ATI Announces Webcast for First Quarter 2024 Results

April 1, 2024 | finance.yahoo.com

Should You Be Impressed By ATI Inc.'s (NYSE:ATI) ROE?

April 1, 2024 | msn.com

DAR justifies Ati tribe members’ canceled CLOA in Boracay

March 31, 2024 | msn.com

Lontong Sayur (Hard-Boiled Rice With Vegetable Curry in Coconut Milk)

March 31, 2024 | msn.com

Probe eviction of Ati families from awarded lands in Boracay – solon

March 30, 2024 | msn.com

Kourtney Kardashian and Travis Barker's heartfelt messages to rarely-seen family member

March 28, 2024 | msn.com

Ati families face forced eviction in disputed Boracay land

March 27, 2024 | finance.yahoo.com

William & Mary Campus Mass Notification Drill Using ATI Systems’ Mass Notiﬁcation Solution

March 27, 2024 | msn.com

Ati tribe fenced off in Boracay

See More Headlines

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Company Calendar

Last Earnings: 2/01/2024
Today: 4/16/2024
Next Earnings (Confirmed): 4/30/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

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: $55.67
High Stock Price Target: $70.00
Low Stock Price Target: $50.00
Potential Upside/Downside: +8.9%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.51
Trailing P/E Ratio: 20.36
Forward P/E Ratio: 22.41
P/E Growth: N/A
Net Income: $410.80 million
Net Margins: 8.81%
Pretax Margin: 7.07%
Return on Equity: 24.64%
Return on Assets: 7.16%

Debt

Debt-to-Equity Ratio: 1.45
Current Ratio: 2.80
Quick Ratio: 1.53

Sales & Book Value

Annual Sales: $4.17 billion
Price / Sales: 1.52
Cash Flow: $4.03 per share
Price / Cash Flow: 12.68
Book Value: $11.60 per share
Price / Book: 4.41

Miscellaneous

Outstanding Shares: 124,440,000
Free Float: 123,133,000
Market Cap: $6.36 billion
Optionable: Optionable
Beta: 1.22

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Key Executives

Mr. Timothy J. Harris (Age 49)
Senior VP and Chief Digital & Information Officer
Comp: $1.05M
Mr. Robert S. Wetherbee (Age 65)
Chairman & CEO
Comp: $3.44M
Ms. Kimberly A. Fields (Age 54)
President, COO & Director
Comp: $2.12M
Mr. Donald P. Newman (Age 59)
Executive VP of Finance & CFO
Comp: $1.78M
Mr. Michael Benjamin Miller (Age 48)
VP, Corporate Controller & Chief Accounting Officer
Mr. Jimmy Williams Jr. (Age 64)
Senior VP & CTO
Tom Wright
VP of Financial Planning & Analysis and Interim Head of IR
Ms. Vaishali S. Bhatia (Age 41)
Senior VP, General Counsel & Chief Compliance Officer
Ms. Tina Killough Busch
Senior VP & Chief Human Resources Officer
Mr. Elliot S. Davis (Age 63)
Special Advisor of Legal & Compliance
Comp: $1.27M

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ATI Stock Analysis - Frequently Asked Questions

Should I buy or sell ATI stock right now?: 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ATI in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ATI shares.
View ATI analyst ratings or view top-rated stocks.
What is ATI's stock price target for 2024?: 5 analysts have issued twelve-month price objectives for ATI's stock. Their ATI share price targets range from $50.00 to $70.00. On average, they anticipate the company's share price to reach $55.67 in the next year. This suggests a possible upside of 10.9% from the stock's current price.
View analysts price targets for ATI or view top-rated stocks among Wall Street analysts.
How have ATI shares performed in 2024?: ATI's stock was trading at $45.47 on January 1st, 2024. Since then, ATI shares have increased by 10.4% and is now trading at $50.20.
View the best growth stocks for 2024 here.
When is ATI's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
View our ATI earnings forecast.
How can I listen to ATI's earnings call?: ATI will be holding an earnings conference call on Tuesday, April 30th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.
How were ATI's earnings last quarter?: ATI Inc. (NYSE:ATI) announced its earnings results on Thursday, February, 1st. The basic materials company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. The basic materials company earned $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. ATI had a trailing twelve-month return on equity of 24.64% and a net margin of 8.81%. The company's revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the company posted $0.53 earnings per share.
What ETFs hold ATI's stock?: ETFs with the largest weight of ATI (NYSE:ATI) stock in their portfolio include Invesco S&P SmallCap Materials ETF (PSCM), VanEck Steel ETF (SLX), SPDR S&P Metals & Mining ETF (XME), Direxion Daily Metals & Mining Bull 2X Shares (MNM), Tema American Reshoring ETF (RSHO), Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ), Global X Autonomous & Electric Vehicles ETF (DRIV) and SPDR S&P 600 Small Cap Growth ETF (SLYG).
How will ATI's stock buyback program work?: ATI declared that its Board of Directors has authorized a stock repurchase program on Wednesday, November 29th 2023, which allows the company to buyback $150,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 2.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company's management believes its stock is undervalued.

What guidance has ATI issued on next quarter's earnings?: ATI issued an update on its first quarter 2024 earnings guidance on Friday, February, 2nd. The company provided earnings per share (EPS) guidance of 0.360-0.440 for the period, compared to the consensus estimate of 0.530. The company issued revenue guidance of -.
What is Robert S. Wetherbee's approval rating as ATI's CEO?: 25 employees have rated ATI Chief Executive Officer Robert S. Wetherbee on Glassdoor.com. Robert S. Wetherbee has an approval rating of 92% among the company's employees. This puts Robert S. Wetherbee in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of ATI own?: Based on aggregate information from My MarketBeat watchlists, some companies that other ATI investors own include Intel (INTC), Cisco Systems (CSCO), Bank of America (BAC), Micron Technology (MU), Ford Motor (F), NVIDIA (NVDA), AT&T (T), Bristol-Myers Squibb (BMY), Pfizer (PFE) and Chesapeake Energy (CHKAQ).
Who are ATI's major shareholders?: ATI's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Hennessy Advisors Inc. (0.09%), Ballentine Partners LLC (0.02%) and GAMMA Investing LLC (0.00%). Insiders that own company stock include Acquisition Sponsor I Fortress, Elliot S Davis, James C Diggs, Karl D Schwartz, Kevin B Kramer, Kevin B Kramer, Robert S Wetherbee and Timothy J Harris.
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.
Does ATI have any subsidiaries?: The following companies are subsidiares of ATI: ALC Funding Corporation, ATI Flat Rolled Products Holdings LLC, ATI Ladish LLC, ATI Operating Holdings LLC, ATI Properties Inc., Addaero Manufacturing, Allegheny Ludlum LLC, Dynamic Flowform, Hanard Machine, J&L Specialty Steel, Ladish, Shanghai STAL Precision Stainless Steel Company Limited (1), TDY Holdings LLC, TDY Holdings Limited, and TDY Industries LLC.
Read More

This page (NYSE:ATI) was last updated on 4/16/2024 by MarketBeat.com Staff

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