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

ATI Inc. (NYSE:ATI) has been assigned a consensus recommendation of “Moderate Buy” from the eleven analysts that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $117.75.

ATI has been the subject of a number of recent research reports. BTIG Research reaffirmed a “buy” rating and set a $120.00 price objective on shares of ATI in a research report on Wednesday, October 29th. Alembic Global Advisors started coverage on ATI in a report on Thursday. They set an “overweight” rating and a $141.00 target price for the company. Susquehanna reissued a “positive” rating and issued a $145.00 price target on shares of ATI in a report on Thursday. Weiss Ratings restated a “buy (b-)” rating on shares of ATI in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. increased their target price on ATI from $118.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, December 19th.

ATI Stock Performance

ATI stock opened at $124.31 on Monday. The stock’s 50 day simple moving average is $108.66 and its 200 day simple moving average is $92.21. ATI has a 12-month low of $39.23 and a 12-month high of $127.11. The firm has a market cap of $16.89 billion, a P/E ratio of 40.23, a P/E/G ratio of 1.19 and a beta of 1.02. The company has a current ratio of 2.50, a quick ratio of 1.18 and a debt-to-equity ratio of 0.94.

ATI (NYSE:ATI) last released its earnings results on Tuesday, October 28th. The basic materials company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.10. ATI had a net margin of 9.71% and a return on equity of 23.34%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. 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, equities research analysts predict that ATI will post 2.89 EPS for the current year.

Insider Buying and Selling

In related news, VP Timothy J. Harris sold 10,542 shares of the stock in a transaction dated 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 sale, the vice president owned 98,310 shares of the company’s stock, valued at $9,622,582.80. This trade represents a 9.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Robert S. Wetherbee sold 53,862 shares of the firm’s stock in a transaction that occurred 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 owned 132,676 shares in the company, valued at $14,525,368.48. The trade was a 28.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 158,630 shares of company stock valued at $16,144,855 in the last quarter. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of ATI during the second quarter valued at $146,726,000. Capital World Investors lifted its holdings in ATI by 15.8% in the third quarter. Capital World Investors now owns 7,900,572 shares of the basic materials company’s stock worth $642,633,000 after purchasing an additional 1,080,201 shares during the period. Holocene Advisors LP grew its position in ATI by 153.7% in the 3rd quarter. Holocene Advisors LP now owns 1,534,114 shares of the basic materials company’s stock valued at $124,785,000 after buying an additional 929,333 shares in the last quarter. BNP Paribas Financial Markets increased its stake in ATI by 552.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 720,224 shares of the basic materials company’s stock valued at $62,184,000 after buying an additional 609,874 shares during the period. Finally, Capital International Investors raised its position in shares of ATI by 2.6% during the 3rd quarter. Capital International Investors now owns 17,147,559 shares of the basic materials company’s stock worth $1,394,349,000 after buying an additional 436,131 shares in the last quarter.

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.