ATI (NYSE:ATI) Hits New 52-Week High at $62.52

Shares of ATI Inc. (NYSE:ATI) reached a new 52-week high during trading on Tuesday . The company traded as high as $62.52 and last traded at $62.51, with a volume of 549434 shares traded. The stock had previously closed at $59.28.

Analysts Set New Price Targets

A number of analysts recently commented on ATI shares. Barclays lifted their target price on shares of ATI from $55.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, May 6th. Deutsche Bank Aktiengesellschaft started coverage on shares of ATI in a research note on Thursday, April 11th. They set a “buy” rating and a $70.00 price objective for the company. Northcoast Research cut shares of ATI from a “neutral” rating to a “sell” rating in a research note on Friday, June 14th. BTIG Research started coverage on shares of ATI in a research note on Wednesday, June 26th. They set a “buy” rating and a $70.00 price objective for the company. Finally, KeyCorp lifted their price objective on shares of ATI from $58.00 to $66.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $71.20.

ATI Stock Performance

The company has a market cap of $7.99 billion, a PE ratio of 25.80, a price-to-earnings-growth ratio of 1.58 and a beta of 1.07. The firm’s fifty day moving average is $58.32 and its 200 day moving average is $51.99. The company has a current ratio of 2.81, a quick ratio of 1.37 and a debt-to-equity ratio of 1.56.

ATI (NYSE:ATI) last issued its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.41 by $0.07. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. ATI had a net margin of 8.70% and a return on equity of 23.72%. The firm’s revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.49 EPS. As a group, research analysts predict that ATI Inc. will post 2.46 EPS for the current fiscal year.

Institutional Investors Weigh In On ATI

A number of large investors have recently modified their holdings of the business. Capital International Investors grew its holdings in shares of ATI by 1.3% during the first quarter. Capital International Investors now owns 15,409,897 shares of the basic materials company’s stock worth $788,524,000 after buying an additional 203,012 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of ATI by 0.9% during the first quarter. Vanguard Group Inc. now owns 14,338,873 shares of the basic materials company’s stock worth $733,720,000 after buying an additional 132,478 shares in the last quarter. Frontier Capital Management Co. LLC grew its holdings in shares of ATI by 19.5% during the fourth quarter. Frontier Capital Management Co. LLC now owns 3,645,644 shares of the basic materials company’s stock worth $165,767,000 after buying an additional 594,644 shares in the last quarter. Capital World Investors grew its holdings in shares of ATI by 43.9% during the first quarter. Capital World Investors now owns 2,840,962 shares of the basic materials company’s stock worth $145,372,000 after buying an additional 866,310 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of ATI by 6.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,317,722 shares of the basic materials company’s stock valued at $105,394,000 after purchasing an additional 139,694 shares during the period.

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.