ATI Inks Agreement With Airbus to Supply Titanium Products

ATI Inc. ATI recently announced the signing of a multi-year agreement with Airbus, positioning itself as the top supplier of titanium plate, sheet and billet to the latter. The guaranteed share contract more than doubles ATI's prior support of Airbus.ATI’s industry-leading production capabilities, supported by ample investments in titanium capacity, enable it to respond better to customers' increased need for high-purity melt and exceptional titanium products. Airbus will be provided with a reliable and unified production and supply solution from ATI.The production of alloy titanium sheet will take place at ATI's new operation in Pageland, SC. As Airbus places confidence in ATI’s materials and components, the latter keeps strengthening its position as an aerospace and defense leader.ATI Inc. Price and Consensus ATI Inc. price-consensus-chart | ATI Inc. QuoteATI’s Zacks Rank & Other Key PicksATI currently carries a Zacks Rank #2 (Buy).Some other top-ranked stocks in the Basic Materials space are Akzo Nobel N.V. AKZOY, Newmont Corporation NEM and Balchem Corporation BCPC. While AKZOY and NEM currently sport a Zacks Rank #1 (Strong Buy) each, BCPC carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for Akzo Nobel’s current-year earnings is pegged at $1.64 per share, implying a 17.14% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters while missing once.The Zacks Consensus Estimate for NEM’s current-year earnings is pegged at $3.92 per share, indicating a 12.64% year-over-year rise.Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, with an average surprise of 32.41%. NEM’s shares have gained 28.8% in the past year.The Zacks Consensus Estimate for BCPC’s 2025 earnings is pegged at $5.15 per share, indicating a rise of 31% from year-ago levels. The company’s earnings beat the consensus estimate in two of the trailing four quarters while missing the rest. Its shares have gained 13.6% in the past year.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ATI Inc. (ATI): Free Stock Analysis Report Newmont Corporation (NEM): Free Stock Analysis Report Akzo Nobel NV (AKZOY): Free Stock Analysis Report Balchem Corporation (BCPC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks