ATI (NYSE:ATI) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

ATI (NYSE:ATI) had its price target lifted by equities researchers at JPMorgan Chase & Co. from $118.00 to $135.00 in a report released on Friday,Benzinga reports. The firm presently has an “overweight” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 19.20% from the company’s current price.

Other research analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft set a $98.00 price target on shares of ATI in a report on Wednesday, October 8th. Susquehanna lifted their price objective on ATI from $100.00 to $120.00 and gave the company a “positive” rating in a research note on Wednesday, October 29th. KeyCorp upgraded ATI from a “sector weight” rating to an “overweight” rating and set a $120.00 target price on the stock in a research note on Thursday, November 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of ATI in a report on Monday, December 15th. Finally, BTIG Research reissued a “buy” rating and set a $120.00 price objective on shares of ATI in a report on Wednesday, October 29th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $109.14.

ATI Stock Up 3.2%

ATI stock opened at $113.26 on Friday. The company has a quick ratio of 1.18, a current ratio of 2.50 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $15.39 billion, a PE ratio of 36.65, a PEG ratio of 1.44 and a beta of 1.08. ATI has a twelve month low of $39.23 and a twelve month high of $113.57. The stock has a 50-day simple moving average of $97.28 and a two-hundred day simple moving average of $87.22.

ATI (NYSE:ATI) last announced its quarterly earnings results on Tuesday, October 28th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.10. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. ATI had a net margin of 9.71% and a return on equity of 23.34%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.60 earnings per share. ATI has set its FY 2025 guidance at 3.150-3.21 EPS and its Q4 2025 guidance at 0.840-0.90 EPS. On average, equities analysts predict that ATI will post 2.89 EPS for the current fiscal year.

Insider Transactions at ATI

In other news, SVP Tina Killough Busch sold 2,598 shares of the company’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $93.26, for a total value of $242,289.48. Following the completion of the transaction, the senior vice president directly owned 21,274 shares in the company, valued at approximately $1,984,013.24. This represents a 10.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Timothy J. Harris sold 10,543 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $97.69, for a total value of $1,029,945.67. Following the transaction, the vice president directly owned 119,394 shares in the company, valued at approximately $11,663,599.86. This represents a 8.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 221,249 shares of company stock valued at $21,328,189 over the last quarter. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On ATI

A number of hedge funds have recently made changes to their positions in ATI. Public Employees Retirement System of Ohio lifted its stake in shares of ATI by 14.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 44,195 shares of the basic materials company’s stock valued at $3,816,000 after purchasing an additional 5,466 shares during the period. Schroder Investment Management Group grew its stake in ATI by 21.3% in the second quarter. Schroder Investment Management Group now owns 532,837 shares of the basic materials company’s stock worth $46,005,000 after purchasing an additional 93,620 shares during the period. Intech Investment Management LLC raised its holdings in ATI by 104.3% in the first quarter. Intech Investment Management LLC now owns 58,458 shares of the basic materials company’s stock worth $3,042,000 after purchasing an additional 29,838 shares in the last quarter. Segall Bryant & Hamill LLC lifted its position in ATI by 108.9% during the second quarter. Segall Bryant & Hamill LLC now owns 373,083 shares of the basic materials company’s stock valued at $32,212,000 after buying an additional 194,518 shares during the period. Finally, Quarry LP lifted its position in ATI by 216.6% during the first quarter. Quarry LP now owns 1,770 shares of the basic materials company’s stock valued at $92,000 after buying an additional 1,211 shares during the period.

About ATI

Allegheny Technologies Incorporated (ATI) is a global manufacturer of specialty materials and complex components, serving aerospace, defense, oil and gas, chemical processing, medical and other industrial end markets. The company operates through two main segments: High Performance Materials & Components, which produces titanium and nickel-based alloys, stainless and specialty steels, and precision forgings; and Flat-Rolled Products, which supplies stainless steel, nickel and specialty alloy sheet, strip and precision-rolled plate.