Susquehanna Boosts ATI (NYSE:ATI) Price Target to $120.00

ATI (NYSE:ATI) had its target price lifted by equities researchers at Susquehanna from $100.00 to $120.00 in a report released on Wednesday, Marketbeat Ratings reports. The brokerage currently has a “positive” rating on the basic materials company’s stock. Susquehanna’s price objective indicates a potential upside of 18.64% from the company’s previous close.

Several other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. upped their price target on ATI from $75.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft set a $98.00 target price on shares of ATI in a research note on Wednesday, October 8th. Zacks Research raised shares of ATI to a “hold” rating in a research report on Tuesday, August 12th. Weiss Ratings reissued a “buy (b-)” rating on shares of ATI in a research report on Wednesday, October 8th. Finally, BTIG Research reissued a “buy” rating and issued a $120.00 price objective on shares of ATI in a research report on Wednesday. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, ATI has an average rating of “Moderate Buy” and a consensus target price of $93.71.

ATI Stock Down 1.8%

ATI stock opened at $101.15 on Wednesday. ATI has a twelve month low of $39.23 and a twelve month high of $103.64. The stock’s fifty day simple moving average is $81.43 and its 200-day simple moving average is $78.25. The company has a current ratio of 2.50, a quick ratio of 1.20 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $13.94 billion, a P/E ratio of 32.73, a P/E/G ratio of 1.47 and a beta of 1.29.

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. ATI had a return on equity of 23.34% and a net margin of 9.71%.The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the prior year, the company earned $0.60 earnings per share. The company’s revenue was up 7.1% on a year-over-year basis. ATI has set its FY 2025 guidance at 3.150-3.21 EPS. Q4 2025 guidance at 0.840-0.90 EPS. As a group, equities analysts expect that ATI will post 2.89 earnings per share for the current fiscal year.

Insider Buying and Selling at ATI

In other ATI news, Chairman Robert S. Wetherbee sold 50,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $74.66, for a total value of $3,733,000.00. Following the transaction, the chairman directly owned 306,538 shares in the company, valued at $22,886,127.08. This represents a 14.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Kimberly A. Fields sold 21,154 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 223,821 shares in the company, valued at $18,360,036.63. This trade represents a 8.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 136,460 shares of company stock worth $10,750,979 over the last three months. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On ATI

Several hedge funds have recently made changes to their positions in ATI. WPG Advisers LLC purchased a new position in shares of ATI during the first quarter worth about $29,000. Golden State Wealth Management LLC grew its stake in ATI by 104.1% during the 1st quarter. Golden State Wealth Management LLC now owns 596 shares of the basic materials company’s stock worth $31,000 after buying an additional 304 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in ATI by 79.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 386 shares of the basic materials company’s stock worth $33,000 after buying an additional 171 shares during the last quarter. Signaturefd LLC grew its stake in 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 during the last quarter. Finally, Bessemer Group Inc. grew its stake in ATI by 139.9% during the 1st quarter. Bessemer Group Inc. now owns 662 shares of the basic materials company’s stock worth $34,000 after buying an additional 386 shares during the last quarter.

About ATI

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.