Stock Rating Downgrade
The Value Trend Rating for ATI Inc (NYSE: ATI) weakened recently from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
ATI Inc (NYSE: ATI) stock closed at $54.07 on 6/21/24 after a slight decline of -0.7%. Moreover, this decline was accompanied by exceptionally high trading volume at 297% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -7.4% during the last week.
Current PriceTarget Research Rating
ATI’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
ATI has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. ATI has a poor Appreciation Score of 24 but a very high Power Rating of 98, resulting in the High Neutral Value Trend Rating.
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