Analysts Set ATI Inc. (NYSE:ATI) Price Target at $109.14

Shares of ATI Inc. (NYSE:ATI) have received a consensus rating of “Moderate Buy” from the ten brokerages that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $109.1429.

ATI has been the topic of several research reports. BTIG Research restated a “buy” rating and issued a $120.00 price target on shares of ATI in a research note on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft set a $98.00 target price on ATI in a research note on Wednesday, October 8th. Susquehanna raised their price objective on ATI from $100.00 to $120.00 and gave the company a “positive” rating in a report on Wednesday, October 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of ATI in a research report on Monday, December 15th. Finally, JPMorgan Chase & Co. upped their price target on shares of ATI from $118.00 to $135.00 and gave the company an “overweight” rating in a research report on Friday, December 19th.

ATI Stock Performance

ATI opened at $116.60 on Thursday. 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 has a 12-month low of $39.23 and a 12-month high of $117.48. The business has a 50 day moving average of $101.37 and a 200-day moving average of $88.63. The stock has a market cap of $15.84 billion, a price-to-earnings ratio of 37.73, a PEG ratio of 1.49 and a beta of 1.08.

ATI (NYSE:ATI) last announced its earnings results on Tuesday, October 28th. The basic materials company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.75 by $0.10. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. ATI had a net margin of 9.71% and a return on equity of 23.34%. ATI’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.60 EPS. ATI has set its FY 2025 guidance at 3.150-3.21 EPS and its Q4 2025 guidance at 0.840-0.90 EPS. On average, equities research analysts expect that ATI will post 2.89 earnings per share for the current year.

Insider Buying and Selling

In related news, Chairman Robert S. Wetherbee sold 60,000 shares of ATI stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $98.34, for a total value of $5,900,400.00. Following the transaction, the chairman directly owned 246,538 shares of the company’s stock, valued at $24,244,546.92. The trade was a 19.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kimberly A. Fields sold 21,154 shares of the stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $82.03, for a total transaction of $1,735,262.62. Following the sale, the chief executive officer directly owned 223,821 shares of the company’s stock, valued at $18,360,036.63. This represents a 8.64% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 200,937 shares of company stock valued at $19,696,526 in the last quarter. 1.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ATI

A number of hedge funds have recently added to or reduced their stakes in ATI. Signaturefd LLC boosted its holdings in shares of ATI by 117.7% during the 2nd quarter. Signaturefd LLC now owns 381 shares of the basic materials company’s stock worth $33,000 after buying an additional 206 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of ATI by 79.5% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 386 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 171 shares during the last quarter. Prestige Wealth Management Group LLC bought a new position in shares of ATI in the third quarter valued at approximately $34,000. Meeder Asset Management Inc. lifted its stake in ATI by 2,010.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 422 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 402 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in ATI by 50.8% during the third quarter. Allworth Financial LP now owns 534 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 180 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.