ATI Inc. (NYSE:ATI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of ATI Inc. (NYSE:ATI) have earned an average recommendation of “Moderate Buy” from the ten brokerages that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $103.00.

A number of research firms have commented on ATI. BTIG Research restated a “buy” rating and set a $120.00 price target on shares of ATI in a research note on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft set a $98.00 price objective on ATI in a report on Wednesday, October 8th. Weiss Ratings restated a “buy (b-)” rating on shares of ATI in a report on Wednesday, October 8th. Barclays lifted their target price on ATI from $75.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Finally, KeyCorp upgraded shares of ATI from a “sector weight” rating to an “overweight” rating and set a $120.00 price target on the stock in a research note on Thursday, November 13th.

Insider Buying and Selling at ATI

In other news, Chairman Robert S. Wetherbee sold 60,000 shares of the stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $98.34, for a total value of $5,900,400.00. Following the sale, the chairman directly owned 246,538 shares in the company, valued at approximately $24,244,546.92. This trade represents a 19.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Timothy J. Harris sold 10,542 shares of ATI stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $97.88, for a total value of $1,031,850.96. Following the completion of the transaction, the vice president owned 98,310 shares of the company’s stock, valued at approximately $9,622,582.80. This trade represents a 9.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 183,328 shares of company stock valued at $16,667,123 in the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On ATI

Large investors have recently bought and sold shares of the stock. Lido Advisors LLC increased its stake in ATI by 2.7% during the 3rd quarter. Lido Advisors LLC now owns 3,784 shares of the basic materials company’s stock valued at $308,000 after buying an additional 101 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of ATI by 2.4% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 4,424 shares of the basic materials company’s stock worth $360,000 after acquiring an additional 102 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of ATI by 12.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,090 shares of the basic materials company’s stock worth $86,000 after acquiring an additional 118 shares during the period. Fifth Third Bancorp boosted its holdings in shares of ATI by 11.4% in the second quarter. Fifth Third Bancorp now owns 1,252 shares of the basic materials company’s stock valued at $108,000 after acquiring an additional 128 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of ATI by 10.9% during the second quarter. Farther Finance Advisors LLC now owns 1,459 shares of the basic materials company’s stock valued at $126,000 after acquiring an additional 143 shares during the period.

ATI Trading Up 0.5%

NYSE ATI opened at $100.80 on Friday. 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 $13.70 billion, a P/E ratio of 32.62, a PEG ratio of 1.47 and a beta of 1.32. The firm’s 50-day moving average is $90.24 and its two-hundred day moving average is $84.38. ATI has a 12 month low of $39.23 and a 12 month high of $103.64.

ATI (NYSE:ATI) last released its quarterly earnings results on Tuesday, October 28th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 9.71% and a return on equity of 23.34%. The business’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous 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. On average, sell-side analysts anticipate that ATI will post 2.89 earnings per share for the current year.

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.