ATI (NYSE:ATI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of ATI (NYSE:ATI) from a hold rating to a buy rating in a report issued on Monday morning.

Several other research firms have also commented on ATI. Zacks Research upgraded shares of ATI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. 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 report on Friday, May 1st. Wells Fargo & Company began coverage on shares of ATI in a research report on Wednesday, April 1st. They set an “overweight” rating and a $175.00 target price for the company. JPMorgan Chase & Co. upped their price target on shares of ATI from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $194.00 price target on shares of ATI in a research report on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $176.78.

ATI Price Performance

Shares of NYSE:ATI opened at $195.74 on Monday. The firm has a market capitalization of $26.71 billion, a price-to-earnings ratio of 64.82, a price-to-earnings-growth ratio of 1.57 and a beta of 0.96. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.67 and a quick ratio of 1.17. The business’s 50 day simple moving average is $183.72 and its 200-day simple moving average is $158.37. ATI has a 12 month low of $70.42 and a 12 month high of $205.31.

ATI (NYSE:ATI) last issued its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.12. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.19 billion. ATI had a return on equity of 26.44% and a net margin of 9.26%.ATI’s revenue was up .6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 earnings per share. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. As a group, equities analysts forecast that ATI will post 4.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Kimberly A. Fields sold 59,749 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $179.07, for a total value of $10,699,253.43. Following the completion of the transaction, the chief executive officer owned 218,014 shares of the company’s stock, valued at approximately $39,039,766.98. The trade was a 21.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have sold 160,442 shares of company stock valued at $28,535,831. Insiders own 0.98% of the company’s stock.

Institutional Investors Weigh In On ATI

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada grew its stake in ATI by 8.1% in 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. lifted its stake in shares of 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 purchasing an additional 209,480 shares during the period. Cetera Investment Advisers purchased a new position in shares of ATI during the 2nd quarter worth $324,000. M&T Bank Corp acquired a new position in ATI during the second quarter worth approximately $317,000. Finally, First Trust Advisors LP increased its position in ATI by 4.9% during the second quarter. First Trust Advisors LP now owns 197,214 shares of the basic materials company’s stock worth $17,028,000 after purchasing an additional 9,234 shares during 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.