Free Trial
NYSE:ATI

ATI (ATI) Stock Price, News & Analysis

$63.98
-0.66 (-1.02%)
(As of 10/8/2024 ET)

About ATI Stock (NYSE:ATI)

Key Stats

Today's Range
$63.63
$64.93
50-Day Range
$58.15
$67.70
52-Week Range
$35.03
$68.92
Volume
1.44 million shs
Average Volume
1.44 million shs
Market Capitalization
$7.96 billion
P/E Ratio
25.69
Dividend Yield
N/A
Price Target
$74.43
Consensus Rating
Moderate Buy

Company Overview

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 Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
94th Percentile Overall Score

ATI MarketRank™: 

ATI scored higher than 94% of companies evaluated by MarketBeat, and ranked 24th out of 192 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    ATI has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 7 buy ratings, no hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    ATI has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about ATI's stock forecast and price target.
  • Earnings Growth

    Earnings for ATI are expected to grow by 27.82% in the coming year, from $2.48 to $3.17 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of ATI is 25.69, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.10.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of ATI is 25.69, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 122.25.

  • Price to Earnings Growth Ratio

    ATI has a PEG Ratio of 1.60. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    ATI has a P/B Ratio of 5.52. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about ATI's valuation and earnings.
  • Percentage of Shares Shorted

    1.88% 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 1.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in ATI has recently decreased by 54.55%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    ATI does not currently pay a dividend.

  • Dividend Growth

    ATI does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of ATI is 12.85%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, ATI will have a dividend payout ratio of 10.09% next year. This indicates that ATI will be able to sustain or increase its dividend.

  • Read more about ATI's dividend.
  • Percentage of Shares Shorted

    1.88% 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 1.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in ATI has recently decreased by 54.55%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    ATI has a news sentiment score of 0.27. 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 is a lower news sentiment than the 0.42 average news sentiment score of Basic Materials companies.
  • News Coverage This Week

    MarketBeat has tracked 12 news articles for ATI this week, compared to 9 articles on an average week.
  • Search Interest

    Only 2 people have searched for ATI on MarketBeat in the last 30 days. This is a decrease of -71% compared to the previous 30 days.
  • MarketBeat Follows

    3 people have added ATI to their MarketBeat watchlist in the last 30 days.
  • 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 $1,540,250.00 in company stock.

  • Percentage Held by Insiders

    Only 0.71% of the stock of ATI is held by insiders.

  • Read more about ATI's insider trading history.
Receive ATI Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for ATI and its competitors with MarketBeat's FREE daily newsletter.

ATI Stock News Headlines

Elon knows the truth, which is why they want him silenced
Elon Musk is one of mankind’s greatest innovators. But for all his visionary prowess and contributions to humanity, there is a war being waged on Elon Musk. This war has nothing to do with X, Elon’s stance on immigration or his support for Donald Trump.
Analysts Set ATI Inc. (NYSE:ATI) Price Target at $74.00
See More Headlines

ATI Stock Analysis - Frequently Asked Questions

ATI's stock was trading at $45.47 at the start of the year. Since then, ATI stock has increased by 40.7% and is now trading at $63.98.
View the best growth stocks for 2024 here
.

ATI Inc. (NYSE:ATI) posted its earnings results on Tuesday, August, 6th. The basic materials company reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.02. The firm's revenue for the quarter was up 5.2% on a year-over-year basis.

ATI's Board of Directors authorized a stock buyback program on Tuesday, September 3rd 2024, which allows the company to buy back $700,000,000 in shares, according to EventVestor. This means that the company could purchase up to 9.4% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's management believes its shares are undervalued.

ATI subsidiaries include these companies: Addaero Manufacturing, Hanard Machine, Dynamic Flowform, Ladish, J&L Specialty Steel, ALC Funding Corporation, Allegheny Ludlum LLC, and others.

ATI's top institutional shareholders include Insight Wealth Strategies LLC (0.03%) and GAMMA Investing LLC. Insiders that own company stock include Robert S Wetherbee, Kevin B Kramer, Elliot S Davis, Timothy J Harris, Karl D Schwartz and James C Diggs.
View institutional ownership trends
.

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.

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

Company Calendar

Last Earnings
8/06/2024
Today
10/08/2024
Next Earnings (Confirmed)
10/29/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Steel pipe & tubes
Sub-Industry
Steel
CUSIP
01741R10
Employees
7,300
Year Founded
1996

Price Target and Rating

Average Stock Price Target
$74.43
High Stock Price Target
$84.00
Low Stock Price Target
$67.00
Potential Upside/Downside
+16.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
8 Analysts

Profitability

Net Income
$410.80 million
Pretax Margin
7.17%

Debt

Sales & Book Value

Annual Sales
$4.23 billion
Cash Flow
$3.95 per share
Book Value
$11.60 per share

Miscellaneous

Free Float
123,557,000
Market Cap
$7.92 billion
Optionable
Optionable
Beta
1.04

Social Links

7 Energy Stocks to Buy and Hold Forever Cover

Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.

Get This Free Report

This page (NYSE:ATI) was last updated on 10/8/2024 by MarketBeat.com Staff
From Our Partners