ATI (NYSE:ATI) Stock Rating Upgraded by Zacks Research

ATI (NYSE:ATI) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on ATI. Wells Fargo & Company initiated coverage on shares of ATI in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $175.00 price target on the stock. Wall Street Zen lowered shares of ATI from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. BTIG Research raised their target price on shares of ATI from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $194.00 price target on shares of ATI in a report on Friday, May 1st. Finally, Weiss Ratings cut ATI from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $164.38.

ATI Price Performance

Shares of ATI stock opened at $197.10 on Thursday. The company has a quick ratio of 1.17, a current ratio of 2.67 and a debt-to-equity ratio of 0.95. ATI has a twelve month low of $70.42 and a twelve month high of $205.31. The company has a market cap of $26.90 billion, a P/E ratio of 65.26, a P/E/G ratio of 1.72 and a beta of 0.96. The business has a fifty day simple moving average of $172.24 and a 200 day simple moving average of $148.17.

ATI (NYSE:ATI) last released its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.12. ATI had a return on equity of 26.44% and a net margin of 9.26%.The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period last year, the firm posted $0.72 earnings per share. ATI’s revenue was up .6% compared to the same quarter last year. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. On average, sell-side analysts forecast that ATI will post 4.43 EPS for the current fiscal year.

Insider Activity at ATI

In other news, CEO Kimberly A. Fields sold 3,783 shares of the stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $197.21, for a total value of $746,045.43. Following the completion of the sale, the chief executive officer owned 197,321 shares of the company’s stock, valued at approximately $38,913,674.41. This represents a 1.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders sold 120,442 shares of company stock valued at $21,219,431. Insiders own 0.98% of the company’s stock.

Institutional Trading of ATI

Several institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased 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 valued at $3,140,000 after purchasing an additional 4,542 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of ATI by 49.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 633,948 shares of the basic materials company’s stock worth $32,984,000 after purchasing an additional 209,480 shares during the period. Cetera Investment Advisers acquired a new position in shares of ATI in the 2nd quarter worth approximately $324,000. M&T Bank Corp bought a new stake in shares of ATI in the 2nd quarter valued at $317,000. Finally, First Trust Advisors LP boosted its stake in shares of ATI by 4.9% in the 2nd quarter. First Trust Advisors LP now owns 197,214 shares of the basic materials company’s stock valued at $17,028,000 after purchasing an additional 9,234 shares during 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.