ATI (NYSE:ATI) Hits New 52-Week High – Should You Buy?

ATI Inc. (NYSE:ATI)’s share price reached a new 52-week high on Monday . The company traded as high as $205.31 and last traded at $200.6310, with a volume of 63974 shares trading hands. The stock had previously closed at $201.34.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ATI shares. KeyCorp upped their price objective on ATI from $167.00 to $175.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. JPMorgan Chase & Co. lifted their price objective on ATI from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Wall Street Zen downgraded shares of ATI from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. BTIG Research lifted their price objective on ATI from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Finally, Zacks Research cut shares of ATI from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, ATI has an average rating of “Buy” and an average target price of $164.38.

ATI Trading Down 2.2%

The company has a market cap of $27.24 billion, a PE ratio of 66.09, a price-to-earnings-growth ratio of 1.76 and a beta of 0.96. The business has a 50 day simple moving average of $170.04 and a two-hundred day simple moving average of $146.45. The company has a current ratio of 2.67, a quick ratio of 1.17 and a debt-to-equity ratio of 0.95.

ATI (NYSE:ATI) last posted 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 business had revenue of $1.15 billion for 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%.The business’s revenue was up .6% on a year-over-year basis. During the same quarter last year, the firm earned $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. On average, analysts forecast that ATI Inc. will post 4.43 EPS for the current fiscal year.

Insider Transactions at ATI

In other ATI news, CEO Kimberly A. Fields sold 59,749 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $179.07, for a total value of $10,699,253.43. Following the sale, the chief executive officer directly owned 218,014 shares of the company’s stock, valued at approximately $39,039,766.98. This trade represents a 21.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.98% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. PVG Asset Management Corp purchased a new position in shares of ATI during the 1st quarter worth about $1,524,000. Empowered Funds LLC grew its holdings in ATI by 304.6% in the first quarter. Empowered Funds LLC now owns 55,970 shares of the basic materials company’s stock valued at $8,141,000 after purchasing an additional 42,136 shares during the period. DV Trading LLC grew its holdings in ATI by 100.0% in the first quarter. DV Trading LLC now owns 1,600 shares of the basic materials company’s stock valued at $233,000 after purchasing an additional 800 shares during the period. NewEdge Advisors LLC increased its position in ATI by 3,869.0% during the first quarter. NewEdge Advisors LLC now owns 3,969 shares of the basic materials company’s stock worth $577,000 after purchasing an additional 3,869 shares during the last quarter. Finally, Optiver Holding B.V. acquired a new position in ATI during the first quarter worth approximately $178,000.

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.