KeyCorp Forecasts Strong Price Appreciation for ATI (NYSE:ATI) Stock

ATI (NYSE:ATI) had its target price upped by investment analysts at KeyCorp from $140.00 to $167.00 in a research note issued to investors on Thursday, Marketbeat.com reports. The brokerage currently has an “overweight” rating on the basic materials company’s stock. KeyCorp’s price target points to a potential upside of 3.05% from the company’s previous close.

ATI has been the topic of a number of other research reports. JPMorgan Chase & Co. boosted their target price on shares of ATI from $135.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $150.00 target price on shares of ATI in a report on Wednesday, February 4th. Wells Fargo & Company initiated coverage on shares of ATI in a report on Wednesday, April 1st. They set an “overweight” rating and a $175.00 target price on the stock. Zacks Research cut shares of ATI from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, BTIG Research boosted their target price on shares of ATI from $120.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $144.89.

ATI Trading Up 1.5%

NYSE:ATI opened at $162.06 on Thursday. The company has a current ratio of 2.66, a quick ratio of 1.27 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $22.11 billion, a PE ratio of 57.06, a price-to-earnings-growth ratio of 1.58 and a beta of 1.00. The firm’s 50 day moving average is $148.12 and its 200 day moving average is $118.22. ATI has a 12 month low of $43.96 and a 12 month high of $168.14.

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

ATI declared that its board has approved a share repurchase plan 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 stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at ATI

In other news, Director David J. Morehouse sold 6,609 shares of the business’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $154.25, for a total transaction of $1,019,438.25. Following the completion of the transaction, the director directly owned 38,168 shares in the company, valued at $5,887,414. The trade was a 14.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Asset Management One Co. Ltd. purchased a new position in shares of ATI during the 3rd quarter valued at $3,664,000. Channing Capital Management LLC grew its position in shares of ATI by 34.2% during the 3rd quarter. Channing Capital Management LLC now owns 1,109,160 shares of the basic materials company’s stock valued at $90,219,000 after purchasing an additional 282,529 shares in the last quarter. Nordea Investment Management AB purchased a new position in shares of ATI during the 4th quarter valued at $6,114,000. Wealth Enhancement Advisory Services LLC grew its position in shares of ATI by 53.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 25,648 shares of the basic materials company’s stock valued at $3,103,000 after purchasing an additional 8,939 shares in the last quarter. Finally, Intech Investment Management LLC grew its position in shares of ATI by 96.6% during the 3rd quarter. Intech Investment Management LLC now owns 52,090 shares of the basic materials company’s stock valued at $4,237,000 after purchasing an additional 25,590 shares in the last quarter.

Key Stories Impacting ATI

Here are the key news stories impacting ATI this week:

• Positive Sentiment: Zacks upgraded ATI to a Zacks Rank #2 (Buy), citing improved earnings prospects that could support further upside. All You Need to Know About ATI (ATI) Rating Upgrade to Buy
• Positive Sentiment: Susquehanna raised its price target from $155 to $185 and gave a “positive” rating, representing meaningful upside to current levels and reinforcing the buy-side momentum. Susquehanna raises target to $185 (Benzinga)
• Positive Sentiment: Wells Fargo and KeyBanc published bullish notes on ATI, adding institutional support to the stock’s outlook and likely contributing to buying interest. Wells Fargo and KeyBanc Bullish on ATI
• Positive Sentiment: KeyCorp raised its price target from $140 to $167 and set an “overweight” rating, reinforcing the analyst-driven catalyst set. KeyCorp price-target raise to $167 (Benzinga)
• Neutral Sentiment: Zacks published a sector-compare piece assessing whether ATI is outperforming other aerospace names, providing context but not a direct buy/sell trigger. Is ATI INC (ATI) Outperforming Other Aerospace Stocks This Year?
• Neutral Sentiment: A Zacks note highlighted that ATI recently outpaced market returns (a factual performance update that supports momentum narratives but is backward-looking). ATI (ATI) Exceeds Market Returns: Some Facts to Consider
• Negative Sentiment: Counterbalancing the bullish notes, Zacks downgraded ATI from “strong-buy” to “hold,” which could cap upside if other investors follow suit. Zacks downgrade to Hold

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.