Brokerages Set ATI Inc. (NYSE:ATI) Price Target at $117.75

Shares of ATI Inc. (NYSE:ATI) have received a consensus rating of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $117.75.

Several equities analysts have issued reports on ATI shares. Susquehanna restated a “positive” rating and issued a $145.00 price target on shares of ATI in a research report on Thursday, January 15th. JPMorgan Chase & Co. boosted their price objective on shares of ATI from $118.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday, December 19th. KeyCorp raised their target price on ATI from $120.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ATI in a report on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft set a $98.00 price target on ATI in a research report on Wednesday, October 8th.

Insider Activity at ATI

In other ATI news, SVP Tina Killough Busch sold 2,598 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $93.26, for a total transaction of $242,289.48. Following the completion of the transaction, the senior vice president owned 21,274 shares in the company, valued at approximately $1,984,013.24. This trade represents a 10.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Robert S. Wetherbee sold 53,862 shares of the company’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $109.48, for a total transaction of $5,896,811.76. Following the completion of the sale, the chairman directly owned 132,676 shares in the company, valued at approximately $14,525,368.48. This represents a 28.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 158,630 shares of company stock worth $16,144,855 over the last ninety days. Insiders own 1.10% of the company’s stock.

Institutional Trading of ATI

A number of large investors have recently bought and sold shares of the business. True Wealth Design LLC lifted its stake in shares of ATI by 642.9% in the 4th quarter. True Wealth Design LLC now owns 260 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 225 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in ATI by 79.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 386 shares of the basic materials company’s stock valued at $33,000 after buying an additional 171 shares during the period. 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. Meeder Asset Management Inc. grew its position in shares of ATI by 2,010.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 422 shares of the basic materials company’s stock worth $34,000 after buying an additional 402 shares during the period. Finally, Prestige Wealth Management Group LLC bought a new stake in shares of ATI in the 3rd quarter valued at $34,000.

ATI Stock Up 0.3%

Shares of ATI opened at $123.47 on Monday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.18 and a current ratio of 2.50. ATI has a 52 week low of $39.23 and a 52 week high of $127.11. The stock has a market capitalization of $16.77 billion, a price-to-earnings ratio of 39.96, a PEG ratio of 1.19 and a beta of 1.02. The stock has a fifty day moving average of $111.17 and a 200-day moving average of $93.49.

ATI (NYSE:ATI) last posted its earnings results on Tuesday, October 28th. The basic materials company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.75 by $0.10. The firm had revenue of $1.13 billion during 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 quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the company earned $0.60 earnings per share. 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, sell-side analysts anticipate that ATI will post 2.89 earnings per share for the current fiscal year.

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.