ATI (NYSE:ATI) Earns Overweight Rating from Analysts at Alembic Global Advisors

Analysts at Alembic Global Advisors began coverage on shares of ATI (NYSE:ATI) in a report issued on Thursday, MarketBeat.com reports. The firm set an “overweight” rating and a $141.00 price target on the basic materials company’s stock. Alembic Global Advisors’ price objective would indicate a potential upside of 14.30% from the stock’s previous close.

Several other brokerages have also recently issued reports on ATI. Deutsche Bank Aktiengesellschaft set a $98.00 target price on shares of ATI in a report on Wednesday, October 8th. JPMorgan Chase & Co. upped 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. KeyCorp lifted their price objective on shares of ATI from $120.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday. Susquehanna boosted their price objective on shares of ATI from $100.00 to $120.00 and gave the stock a “positive” rating in a research note on Wednesday, October 29th. Finally, BTIG Research reaffirmed a “buy” rating and set a $120.00 target price on shares of ATI in a research report on Wednesday, October 29th. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.63.

ATI Trading Down 0.9%

ATI opened at $123.36 on Thursday. The stock’s fifty day moving average is $107.54 and its two-hundred day moving average is $91.61. The company has a market capitalization of $16.76 billion, a P/E ratio of 39.92, a PEG ratio of 1.20 and a beta of 1.02. ATI has a 52 week low of $39.23 and a 52 week high of $125.45. The company has a quick ratio of 1.18, a current ratio of 2.50 and a debt-to-equity ratio of 0.94.

ATI (NYSE:ATI) last issued its earnings results on Tuesday, October 28th. The basic materials company reported $0.85 earnings per share for the quarter, topping 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 business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the prior year, the business earned $0.60 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. ATI has set its FY 2025 guidance at 3.150-3.21 EPS and its Q4 2025 guidance at 0.840-0.90 EPS. Analysts forecast that ATI will post 2.89 earnings per share for the current year.

Insider Buying and Selling

In related news, VP Timothy J. Harris sold 10,543 shares of the stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $97.69, for a total transaction of $1,029,945.67. Following the completion of the sale, the vice president owned 119,394 shares of the company’s stock, valued at $11,663,599.86. This represents a 8.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Tina Killough Busch sold 2,598 shares of ATI stock in a transaction on Friday, November 21st. The stock was sold at an average price of $93.26, for a total transaction of $242,289.48. Following the completion of the transaction, the senior vice president directly owned 21,274 shares in the company, valued at $1,984,013.24. This represents a 10.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 158,630 shares of company stock worth $16,144,855 in the last 90 days. 1.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. True Wealth Design LLC raised its stake in ATI by 642.9% in the fourth quarter. True Wealth Design LLC now owns 260 shares of the basic materials company’s stock valued at $30,000 after buying an additional 225 shares during the last quarter. Signaturefd LLC increased its holdings in shares of ATI by 117.7% during the second quarter. Signaturefd LLC now owns 381 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 206 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of ATI by 79.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 386 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 171 shares in the last quarter. Prestige Wealth Management Group LLC purchased a new position in shares of ATI in the 3rd quarter valued at approximately $34,000. Finally, Meeder Asset Management Inc. boosted its stake in ATI by 2,010.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 422 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 402 shares in the last quarter.

ATI Company Profile

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.