ATI (NYSE:ATI) Reaches New 12-Month High Following Analyst Upgrade

ATI Inc. (NYSE:ATI) shares hit a new 52-week high on Friday after JPMorgan Chase & Co. raised their price target on the stock from $118.00 to $135.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. ATI traded as high as $113.57 and last traded at $111.9890, with a volume of 150661 shares traded. The stock had previously closed at $109.76.

ATI has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft set a $98.00 price objective on ATI in a research report on Wednesday, October 8th. BTIG Research reaffirmed a “buy” rating and set a $120.00 price objective on shares of ATI in a research note on Wednesday, October 29th. KeyCorp upgraded shares of ATI from a “sector weight” rating to an “overweight” rating and set a $120.00 price objective on the stock in a report on Thursday, November 13th. Susquehanna boosted their target price on shares of ATI from $100.00 to $120.00 and gave the company a “positive” rating in a report on Wednesday, October 29th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of ATI in a research note on Monday. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.14.

Insider Buying and Selling at ATI

In related news, SVP Tina Killough Busch sold 2,598 shares of the company’s stock in a transaction 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 sale, the senior vice president directly owned 21,274 shares of the company’s stock, valued at approximately $1,984,013.24. This represents a 10.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Robert S. Wetherbee sold 53,862 shares of the stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $109.48, for a total value of $5,896,811.76. Following the completion of the sale, the chairman owned 132,676 shares of the company’s stock, 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 sold 221,249 shares of company stock worth $21,328,189 over the last three months. 1.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On ATI

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

ATI Stock Performance

The firm has a market capitalization of $15.39 billion, a price-to-earnings ratio of 36.65, a price-to-earnings-growth ratio of 1.40 and a beta of 1.08. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.18 and a current ratio of 2.50. The stock’s fifty day moving average is $97.28 and its two-hundred day moving average is $87.18.

ATI (NYSE:ATI) last issued its quarterly earnings data on Tuesday, October 28th. The basic materials company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.10. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. ATI had a net margin of 9.71% and a return on equity of 23.34%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 EPS. ATI has set its FY 2025 guidance at 3.150-3.21 EPS and its Q4 2025 guidance at 0.840-0.90 EPS. Analysts forecast that ATI Inc. will post 2.89 earnings per share for the current year.

About ATI

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.