ATI (NYSE:ATI) Now Covered by KeyCorp

KeyCorp assumed coverage on shares of ATI (NYSE:ATI) in a report issued on Wednesday. The brokerage issued an overweight rating and a $140.00 price target on the basic materials company’s stock.

ATI has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $150.00 price objective on shares of ATI in a research report on Wednesday, February 4th. JPMorgan Chase & Co. upped their target price on shares of ATI from $135.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, February 4th. Zacks Research raised shares of ATI from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. Susquehanna set a $155.00 price target on ATI in a research report on Wednesday, February 4th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of ATI in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $134.00.

ATI Stock Performance

NYSE:ATI opened at $149.02 on Wednesday. The company has a market cap of $20.41 billion, a price-to-earnings ratio of 52.47, a PEG ratio of 1.48 and a beta of 0.95. ATI has a 1 year low of $39.23 and a 1 year high of $168.14. The stock’s 50 day simple moving average is $142.04 and its two-hundred day simple moving average is $112.57. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.66 and a quick ratio of 1.27.

ATI (NYSE:ATI) last posted its earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. ATI had a return on equity of 24.26% and a net margin of 8.81%.The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the prior year, the company earned $0.79 EPS. The company’s quarterly revenue was up .4% compared to the same quarter last year. ATI has set its FY 2026 guidance at 3.990-4.270 EPS and its Q1 2026 guidance at 0.830-0.890 EPS. As a group, equities analysts anticipate that ATI will post 2.89 earnings per share for the current fiscal year.

ATI declared that its board has approved a stock repurchase program on Thursday, February 19th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the basic materials company to repurchase up to 2.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other news, Director David J. Morehouse sold 6,609 shares of the stock in a transaction on Monday, March 9th. The shares were sold at an average price of $154.25, for a total value of $1,019,438.25. Following the sale, the director owned 38,168 shares of the company’s stock, valued at approximately $5,887,414. This represents a 14.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On ATI

A number of large investors have recently made changes to their positions in ATI. True Wealth Design LLC raised its position in ATI by 642.9% in the 4th quarter. True Wealth Design LLC now owns 260 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 225 shares during the period. Meeder Asset Management Inc. boosted its position in shares of ATI by 2,010.0% during the third quarter. Meeder Asset Management Inc. now owns 422 shares of the basic materials company’s stock valued at $34,000 after buying an additional 402 shares during the period. Prestige Wealth Management Group LLC bought a new position in shares of ATI during the third quarter valued at approximately $34,000. Allworth Financial LP grew its stake in shares of ATI by 50.8% during the third quarter. Allworth Financial LP now owns 534 shares of the basic materials company’s stock valued at $43,000 after buying an additional 180 shares during the last quarter. Finally, Torren Management LLC purchased a new stake in shares of ATI in the fourth quarter worth approximately $52,000.

ATI News Summary

Here are the key news stories impacting ATI this week:

• Positive Sentiment: Short market-strength note: a market write-up highlighted that ATI outperformed while the broader market dipped, reinforcing near-term investor interest and momentum. MSN: ATI gains as market dips
• Neutral Sentiment: Industry comparison pieces discuss ATI vs. peers (Carpenter Technology) and ATI vs. aerospace sector performance — useful context for relative valuation and cyclical exposure but not new company-specific catalysts. Zacks: ATI vs. CRS
• Neutral Sentiment: Zacks also ran a sector performance piece comparing ATI with large aerospace names; informative for relative performance attribution but not a direct driver of ATI’s share price. Zacks: Are Aerospace Stocks Lagging ATI
• Neutral Sentiment: Press items about “ATI Advisory” designing a Medicare-based model and “ATI Physical Therapy” sponsorship are not related to ATI Inc. (the specialty metals company). Investors should treat these as unrelated corporate-name noise. Business Insider: ATI Advisory Medicare model Yahoo Finance: ATI Physical Therapy sponsorship
• Negative Sentiment: KeyCorp initiated coverage with an “overweight” rating but set a $140 price target — below the current market price — which can be read as limited upside or a soft target that may cap gains. TickerReport: KeyCorp coverage
• Negative Sentiment: Short interest climbed ~24.4% in March (about 3.28M shares short, ~2.4% of float), increasing downward pressure risk and signaling some investor skepticism despite low days-to-cover. Short interest report
• Negative Sentiment: Analyst/opinion pieces (Seeking Alpha) argue ATI’s aerospace exposure is benefiting revenue but that much of the upside is already priced into the stock — a cautionary take that can dampen buyer enthusiasm. Seeking Alpha: Upside already priced in

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.