Susquehanna Issues Positive Forecast for ATI (NYSE:ATI) Stock Price

ATI (NYSE:ATI) had its price objective raised by Susquehanna from $70.00 to $73.00 in a research note released on Wednesday morning,Benzinga reports. Susquehanna currently has a positive rating on the basic materials company’s stock.

Other research analysts also recently issued reports about the stock. KeyCorp downgraded shares of ATI from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. StockNews.com cut shares of ATI from a “hold” rating to a “sell” rating in a research report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, ATI presently has a consensus rating of “Moderate Buy” and an average price target of $74.14.

ATI Stock Performance

Shares of NYSE:ATI opened at $65.76 on Wednesday. The company has a current ratio of 2.94, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97. The company has a market cap of $9.38 billion, a price-to-earnings ratio of 25.29, a price-to-earnings-growth ratio of 1.52 and a beta of 1.10. ATI has a 12 month low of $38.42 and a 12 month high of $68.92. The company has a 50-day moving average price of $57.14 and a 200-day moving average price of $60.20.

ATI (NYSE:ATI) last released its quarterly earnings data on Tuesday, February 4th. The basic materials company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.19. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.07 billion. ATI had a return on equity of 21.39% and a net margin of 8.85%. The business’s revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the business posted $0.64 EPS. As a group, equities analysts anticipate that ATI will post 2.28 EPS for the current year.

Insider Transactions at ATI

In other ATI news, Chairman Robert S. Wetherbee sold 25,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $58.99, for a total value of $1,474,750.00. Following the sale, the chairman now directly owns 436,443 shares of the company’s stock, valued at approximately $25,745,772.57. The trade was a 5.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Tina Killough Busch sold 2,598 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $60.02, for a total value of $155,931.96. Following the transaction, the senior vice president now owns 21,553 shares of the company’s stock, valued at $1,293,611.06. The trade was a 10.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.05% of the company’s stock.

Institutional Trading of ATI

A number of institutional investors and hedge funds have recently bought and sold shares of ATI. ORG Wealth Partners LLC purchased a new stake in shares of ATI during the fourth quarter valued at approximately $25,000. Quarry LP lifted its position in ATI by 86.4% in the 3rd quarter. Quarry LP now owns 889 shares of the basic materials company’s stock valued at $59,000 after acquiring an additional 412 shares in the last quarter. UMB Bank n.a. boosted its stake in ATI by 557.0% during the 3rd quarter. UMB Bank n.a. now owns 933 shares of the basic materials company’s stock valued at $62,000 after purchasing an additional 791 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of ATI by 236.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,406 shares of the basic materials company’s stock worth $132,000 after purchasing an additional 1,690 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of ATI by 137.7% in the fourth quarter. Blue Trust Inc. now owns 2,617 shares of the basic materials company’s stock worth $144,000 after purchasing an additional 1,516 shares during the last quarter.

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.