ATI Inc. (NYSE:ATI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

ATI Inc. (NYSE:ATI) has been given a consensus rating of “Moderate Buy” by the eleven brokerages that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $117.75.

ATI has been the topic of a number of research analyst reports. BTIG Research reaffirmed a “buy” rating and set a $120.00 target price on shares of ATI in a report on Wednesday, October 29th. Weiss Ratings restated a “buy (b-)” rating on shares of ATI in a research report on Monday, December 29th. KeyCorp boosted their target price on shares of ATI from $120.00 to $132.00 and gave the stock an “overweight” rating in a report on Wednesday. Alembic Global Advisors assumed coverage on shares of ATI in a research note on Thursday. They set an “overweight” rating and a $141.00 target price for the company. Finally, JPMorgan Chase & Co. lifted their price target on shares of ATI from $118.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, December 19th.

ATI Price Performance

Shares of NYSE:ATI opened at $124.31 on Monday. The stock has a market cap of $16.89 billion, a price-to-earnings ratio of 40.23, a PEG ratio of 1.19 and a beta of 1.02. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.50 and a quick ratio of 1.18. ATI has a 12 month low of $39.23 and a 12 month high of $127.11. The stock’s 50 day moving average price is $108.66 and its 200 day moving average price is $92.21.

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

Insider Buying and Selling

In related news, SVP Tina Killough Busch sold 2,598 shares of the stock in a transaction on 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 owned 21,274 shares in the company, valued at $1,984,013.24. This trade represents a 10.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Timothy J. Harris sold 10,543 shares of ATI stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $97.69, for a total value of $1,029,945.67. Following the completion of the transaction, the vice president directly owned 119,394 shares in the company, valued at $11,663,599.86. This represents a 8.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 158,630 shares of company stock worth $16,144,855 in the last three months. 1.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On ATI

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ATI. Capital International Investors grew its holdings in shares of ATI by 2.6% during the 3rd quarter. Capital International Investors now owns 17,147,559 shares of the basic materials company’s stock valued at $1,394,349,000 after acquiring an additional 436,131 shares in the last quarter. Capital World Investors increased its position in ATI by 15.8% in the 3rd quarter. Capital World Investors now owns 7,900,572 shares of the basic materials company’s stock worth $642,633,000 after purchasing an additional 1,080,201 shares during the last quarter. State Street Corp raised its stake in shares of ATI by 7.4% during the 3rd quarter. State Street Corp now owns 6,042,244 shares of the basic materials company’s stock worth $491,476,000 after purchasing an additional 415,479 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of ATI by 2.4% during the 2nd quarter. Geode Capital Management LLC now owns 2,435,916 shares of the basic materials company’s stock valued at $210,353,000 after buying an additional 57,883 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of ATI by 7.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,142,000 shares of the basic materials company’s stock valued at $174,210,000 after buying an additional 142,696 shares in the last quarter.

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.