ATI Inc. (NYSE:ATI) Receives $117.75 Average PT from Brokerages

Shares of ATI Inc. (NYSE:ATI) have earned an average recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $117.75.

Several brokerages have recently issued reports on ATI. BTIG Research reissued a “buy” rating and set a $120.00 price target on shares of ATI in a report on Wednesday, October 29th. Alembic Global Advisors assumed coverage on shares of ATI in a research note on Thursday, January 15th. They set an “overweight” rating and a $141.00 target price for the company. JPMorgan Chase & Co. upped their target price 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. Deutsche Bank Aktiengesellschaft set a $98.00 price target on ATI in a report on Wednesday, October 8th. Finally, KeyCorp increased their price objective on ATI from $120.00 to $132.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th.

Insider Activity

In related news, VP Timothy J. Harris sold 10,543 shares of ATI stock in a transaction dated 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 sale, the vice president directly owned 119,394 shares in the company, valued at $11,663,599.86. The trade was a 8.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Robert S. Wetherbee sold 60,000 shares of the 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 owned 246,538 shares of the company’s stock, valued at $24,244,546.92. This represents a 19.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 158,630 shares of company stock valued at $16,144,855. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On ATI

A number of institutional investors have recently added to or reduced their stakes in ATI. Hunter Associates Investment Management LLC increased its position in shares of ATI by 13.7% during the 4th quarter. Hunter Associates Investment Management LLC now owns 4,150 shares of the basic materials company’s stock valued at $476,000 after purchasing an additional 500 shares during the period. Newbridge Financial Services Group Inc. bought a new position in ATI during the fourth quarter valued at about $106,000. Whalen Wealth Management Inc. acquired a new position in ATI during the fourth quarter worth about $451,000. Sheets Smith Wealth Management acquired a new position in ATI during the fourth quarter worth about $496,000. Finally, Toth Financial Advisory Corp bought a new stake in ATI in the fourth quarter worth about $287,000.

ATI Stock Performance

Shares of ATI stock opened at $124.54 on Monday. The company has a market cap of $16.92 billion, a P/E ratio of 40.30, a PEG ratio of 1.18 and a beta of 1.02. The business has a 50 day moving average of $110.20 and a two-hundred day moving average of $92.95. ATI has a 52 week low of $39.23 and a 52 week high of $127.11. 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 announced its quarterly earnings results on Tuesday, October 28th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.10. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. ATI had a return on equity of 23.34% and a net margin of 9.71%.The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the business 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. As a group, analysts anticipate that ATI will post 2.89 EPS for the current year.

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.