Shares of ATI Inc. (NYSE:ATI – Get Free Report) have received a consensus rating of “Buy” from the twelve ratings firms that are covering the stock, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $138.5556.
A number of equities analysts have issued reports on ATI shares. Zacks Research upgraded ATI from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. KeyCorp began coverage on shares of ATI in a research report on Wednesday, March 25th. They issued an “overweight” rating and a $140.00 target price on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $150.00 price target on shares of ATI in a research note on Wednesday, February 4th. Alembic Global Advisors initiated coverage on shares of ATI in a research report on Thursday, January 15th. They set an “overweight” rating and a $141.00 price target for the company. Finally, Susquehanna set a $155.00 price objective on shares of ATI in a research note on Wednesday, February 4th.
Check Out Our Latest Report on ATI
ATI Stock Up 0.4%
ATI (NYSE:ATI – Get Free Report) last released 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 company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter last year, the business posted $0.79 EPS. The firm’s revenue for the quarter 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, analysts forecast that ATI will post 2.89 earnings per share for the current fiscal year.
ATI declared that its board has initiated a stock buyback plan on Thursday, February 19th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the basic materials company to purchase up to 2.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board 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 that occurred on Monday, March 9th. The stock was sold at an average price of $154.25, for a total value of $1,019,438.25. Following the sale, the director directly owned 38,168 shares of the company’s stock, valued at $5,887,414. The trade was a 14.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its holdings in shares of ATI by 8.1% during the first quarter. Royal Bank of Canada now owns 60,369 shares of the basic materials company’s stock valued at $3,140,000 after acquiring an additional 4,542 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in ATI by 49.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 633,948 shares of the basic materials company’s stock worth $32,984,000 after purchasing an additional 209,480 shares in the last quarter. Cetera Investment Advisers bought a new position in ATI in the 2nd quarter worth about $324,000. Hsbc Holdings PLC grew its position in ATI by 655.7% during the 2nd quarter. Hsbc Holdings PLC now owns 35,684 shares of the basic materials company’s stock valued at $3,098,000 after purchasing an additional 30,962 shares during the last quarter. Finally, M&T Bank Corp purchased a new stake in ATI during the 2nd quarter valued at about $317,000.
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.
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