ATI (NYSE:ATI) Coverage Initiated by Analysts at StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of ATI (NYSE:ATI – Get Rating) in a note issued to investors on Thursday. The brokerage set a “hold” rating on the basic materials company’s stock.

A number of other research firms have also issued reports on ATI. Seaport Res Ptn reaffirmed a “buy” rating on shares of ATI in a research note on Saturday, January 21st. Benchmark boosted their price target on ATI from $37.00 to $47.00 and gave the company a “buy” rating in a report on Friday, February 3rd. Cowen boosted their price target on ATI from $37.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, February 6th. Barclays boosted their price target on ATI from $33.00 to $42.00 in a report on Tuesday, May 9th. Finally, KeyCorp boosted their price target on ATI from $45.00 to $47.00 and gave the company an “overweight” rating in a report on Tuesday, March 7th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $44.00.

ATI Price Performance

Shares of NYSE:ATI opened at $36.34 on Thursday. ATI has a 12 month low of $20.51 and a 12 month high of $43.32. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.81 and a quick ratio of 1.24. The business’s 50 day simple moving average is $37.95 and its 200-day simple moving average is $35.15. The firm has a market capitalization of $4.67 billion, a price-to-earnings ratio of 32.45 and a beta of 1.19.

ATI (NYSE:ATI – Get Rating) last posted its earnings results on Thursday, May 4th. The basic materials company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. ATI had a return on equity of 28.75% and a net margin of 4.21%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the company earned $0.40 EPS. ATI’s revenue was up 24.5% on a year-over-year basis. As a group, equities analysts forecast that ATI will post 2.24 earnings per share for the current fiscal year.

Institutional Trading of ATI

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in ATI by 3.8% during the 3rd quarter. Vanguard Group Inc. now owns 14,354,401 shares of the basic materials company’s stock worth $381,970,000 after purchasing an additional 527,117 shares during the period. State Street Corp boosted its position in ATI by 14.8% during the 1st quarter. State Street Corp now owns 9,941,032 shares of the basic materials company’s stock worth $266,817,000 after purchasing an additional 1,279,827 shares during the period. Alliancebernstein L.P. boosted its position in ATI by 1.1% during the 3rd quarter. Alliancebernstein L.P. now owns 7,409,123 shares of the basic materials company’s stock worth $197,157,000 after purchasing an additional 78,421 shares during the period. Frontier Capital Management Co. LLC boosted its position in ATI by 1.3% during the 1st quarter. Frontier Capital Management Co. LLC now owns 3,595,166 shares of the basic materials company’s stock worth $141,865,000 after purchasing an additional 46,960 shares during the period. Finally, Geode Capital Management LLC boosted its position in ATI by 4.5% during the 1st quarter. Geode Capital Management LLC now owns 2,357,077 shares of the basic materials company’s stock worth $93,010,000 after purchasing an additional 101,022 shares during the period.

About ATI

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ATI, Inc engages in the manufacture of specialty materials and components. It operates through the High Performance Materials and Components (HPMC) and Advanced Alloys & Solutions (AA&S) segments. The HPMC segment consists of the production of materials, parts, and components for aerospace and defense, medical, and energy markets.