ATI (NYSE:ATI) Earns “Buy” Rating from BTIG Research

ATI (NYSE:ATI)‘s stock had its “buy” rating reaffirmed by stock analysts at BTIG Research in a report released on Wednesday,Benzinga reports. They presently have a $120.00 price target on the basic materials company’s stock. BTIG Research’s target price suggests a potential upside of 18.64% from the company’s previous close.

ATI has been the subject of several other research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of ATI in a report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their target price on shares of ATI from $75.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Zacks Research upgraded shares of ATI to a “hold” rating in a research note on Tuesday, August 12th. Susquehanna lowered their price objective on shares of ATI from $105.00 to $100.00 and set a “positive” rating for the company in a research note on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft set a $98.00 price objective on shares of ATI in a research note on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $93.71.

ATI Stock Down 1.8%

ATI stock opened at $101.15 on Wednesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.50 and a quick ratio of 1.20. The stock has a market capitalization of $13.94 billion, a price-to-earnings ratio of 32.73, a PEG ratio of 1.47 and a beta of 1.29. ATI has a 1-year low of $39.23 and a 1-year high of $103.64. The business has a fifty day moving average price of $81.43 and a 200-day moving average price of $78.25.

ATI (NYSE:ATI) last posted its quarterly earnings data on Tuesday, October 28th. The basic materials company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.10. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations 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 quarter last year, the firm earned $0.60 EPS. ATI has set its FY 2025 guidance at 3.150-3.21 EPS. Q4 2025 guidance at 0.840-0.90 EPS. Equities research analysts forecast that ATI will post 2.89 EPS for the current fiscal year.

Insider Activity at ATI

In other news, Chairman Robert S. Wetherbee sold 50,000 shares of the business’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $74.66, for a total value of $3,733,000.00. Following the completion of the transaction, the chairman owned 306,538 shares of the company’s stock, valued at $22,886,127.08. The trade was a 14.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David J. Morehouse sold 7,900 shares of the business’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $75.81, for a total value of $598,899.00. Following the completion of the transaction, the director directly owned 44,777 shares of the company’s stock, valued at approximately $3,394,544.37. This trade represents a 15.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 136,460 shares of company stock worth $10,750,979 over the last three months. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On ATI

Several large investors have recently made changes to their positions in the company. Norges Bank acquired a new position in shares of ATI in the second quarter worth about $146,726,000. Forest Avenue Capital Management LP acquired a new position in shares of ATI in the first quarter worth about $44,867,000. BNP Paribas Financial Markets raised its position in shares of ATI by 552.7% in the second quarter. BNP Paribas Financial Markets now owns 720,224 shares of the basic materials company’s stock worth $62,184,000 after acquiring an additional 609,874 shares during the period. Holocene Advisors LP acquired a new position in ATI in the 2nd quarter worth about $52,217,000. Finally, Senator Investment Group LP raised its holdings in ATI by 68.7% in the 1st quarter. Senator Investment Group LP now owns 1,212,500 shares of the basic materials company’s stock worth $63,086,000 after purchasing an additional 493,944 shares during the period.

ATI Company Profile

ATI Inc produces and sells specialty materials and complex components worldwide. It operates in two segments: High Performance Materials & Components (HPMC) and Advanced Alloys & Solutions (AA&S). The HPMC segment produces various materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, metallic powder alloys, advanced powder alloys and other specialty materials, in long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, and seamless tubes, as well as precision forgings, components, and machined parts.