Zacks Research Upgrades ATI (NYSE:ATI) to “Strong-Buy”

ATI (NYSE:ATI) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Other analysts have also recently issued research reports about the company. BTIG Research lifted their price target on ATI from $120.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. JPMorgan Chase & Co. raised their target price on ATI from $135.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. Wall Street Zen raised shares of ATI from a “hold” rating to a “buy” rating in a research report on Saturday. Alembic Global Advisors began coverage on ATI in a report on Thursday, January 15th. They set an “overweight” rating and a $141.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $150.00 target price on shares of ATI in a report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $133.00.

ATI Trading Up 1.0%

Shares of ATI stock opened at $137.02 on Monday. The company has a market cap of $18.62 billion, a PE ratio of 48.25, a price-to-earnings-growth ratio of 1.37 and a beta of 1.02. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.66 and a quick ratio of 1.27. The stock’s 50 day simple moving average is $117.99 and its two-hundred day simple moving average is $96.46. ATI has a 1 year low of $39.23 and a 1 year high of $137.74.

ATI (NYSE:ATI) last released its quarterly earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.04. ATI had a return on equity of 24.26% and a net margin of 8.81%.The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the firm posted $0.79 EPS. ATI’s quarterly revenue was up .4% compared to the same quarter last year. ATI has set its FY 2026 guidance at 3.990-4.270 EPS and its Q1 2026 guidance at 0.830-0.890 EPS. Research analysts predict that ATI will post 2.89 earnings per share for the current year.

Insider Activity

In related news, SVP Tina Killough Busch sold 2,598 shares of ATI stock in a transaction on Friday, November 21st. The shares were sold at an average price of $93.26, for a total transaction of $242,289.48. Following the transaction, the senior vice president owned 21,274 shares in the company, valued at approximately $1,984,013.24. The trade was a 10.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Robert S. Wetherbee sold 60,000 shares of the company’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $98.34, for a total transaction of $5,900,400.00. Following the completion of the transaction, the chairman directly owned 246,538 shares of the company’s stock, valued at approximately $24,244,546.92. The trade was a 19.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 137,544 shares of company stock valued at $14,102,044. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On ATI

Several large investors have recently made changes to their positions in ATI. Royal Bank of Canada boosted its position in ATI by 8.1% during the 1st quarter. Royal Bank of Canada now owns 60,369 shares of the basic materials company’s stock worth $3,140,000 after acquiring an additional 4,542 shares during the period. Goldman Sachs Group Inc. boosted its position in ATI by 49.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 633,948 shares of the basic materials company’s stock worth $32,984,000 after acquiring an additional 209,480 shares during the period. Truist Financial Corp raised its stake in shares of ATI by 2.8% in the 2nd quarter. Truist Financial Corp now owns 7,217 shares of the basic materials company’s stock valued at $623,000 after acquiring an additional 197 shares in the last quarter. Blair William & Co. IL acquired a new position in ATI during the second quarter valued at approximately $310,000. Finally, Apollon Wealth Management LLC acquired a new position in ATI during the 2nd quarter worth $284,000.

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.