ATI (NYSE:ATI) Raised to Overweight at KeyCorp

ATI (NYSE:ATI) was upgraded by equities research analysts at KeyCorp from a “sector weight” rating to an “overweight” rating in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. The brokerage presently has a $120.00 price target on the basic materials company’s stock. KeyCorp’s price target would suggest a potential upside of 21.10% from the stock’s previous close.

A number of other brokerages have also recently issued reports on ATI. JPMorgan Chase & Co. lifted their target price on ATI from $75.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Susquehanna boosted their price objective on ATI from $100.00 to $120.00 and gave the stock a “positive” rating in a report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft set a $98.00 target price on shares of ATI in a report on Wednesday, October 8th. BTIG Research restated a “buy” rating and set a $120.00 price target on shares of ATI in a report on Wednesday, October 29th. Finally, Zacks Research raised shares of ATI to a “hold” rating in a research note on Tuesday, August 12th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $103.00.

ATI Price Performance

Shares of NYSE ATI opened at $99.09 on Thursday. ATI has a twelve month low of $39.23 and a twelve month high of $103.64. The company has a current ratio of 2.50, a quick ratio of 1.20 and a debt-to-equity ratio of 0.94. The firm has a 50-day moving average of $85.23 and a two-hundred day moving average of $81.61. The company has a market capitalization of $13.46 billion, a price-to-earnings ratio of 32.07, a PEG ratio of 1.47 and a beta of 1.32.

ATI (NYSE:ATI) last released its earnings results 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. ATI had a net margin of 9.71% and a return on equity of 23.34%. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the previous year, the firm earned $0.60 EPS. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. ATI has set its FY 2025 guidance at 3.150-3.21 EPS. Q4 2025 guidance at 0.840-0.90 EPS. As a group, analysts expect that ATI will post 2.89 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Kimberly A. Fields sold 21,154 shares of the stock in a transaction on Monday, October 6th. The shares were sold at an average price of $82.03, for a total transaction of $1,735,262.62. Following the transaction, the chief executive officer owned 223,821 shares in the company, valued at $18,360,036.63. This represents a 8.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Timothy J. Harris sold 10,543 shares of the company’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $97.69, for a total transaction of $1,029,945.67. Following the completion of the sale, the vice president owned 119,394 shares of the company’s stock, valued at $11,663,599.86. This represents a 8.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 99,646 shares of company stock worth $8,461,892. Insiders own 1.10% of the company’s stock.

Institutional Trading of ATI

Several large investors have recently modified their holdings of ATI. Public Employees Retirement System of Ohio boosted its position in ATI by 14.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 44,195 shares of the basic materials company’s stock worth $3,816,000 after acquiring an additional 5,466 shares during the last quarter. Intech Investment Management LLC boosted its holdings in ATI by 104.3% during the first quarter. Intech Investment Management LLC now owns 58,458 shares of the basic materials company’s stock worth $3,042,000 after purchasing an additional 29,838 shares during the last quarter. Quarry LP grew its position in ATI by 216.6% in the first quarter. Quarry LP now owns 1,770 shares of the basic materials company’s stock valued at $92,000 after purchasing an additional 1,211 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in ATI by 10.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 658,195 shares of the basic materials company’s stock valued at $34,246,000 after buying an additional 61,021 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in ATI by 79.5% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 386 shares of the basic materials company’s stock worth $33,000 after buying an additional 171 shares in the last quarter.

About ATI

ATI Inc produces and sells specialty materials and complex components worldwide. It operates in two segments: High Performance Materials & Components (HPMC) and Advanced Alloys & Solutions (AA&S). The HPMC segment produces various materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, metallic powder alloys, advanced powder alloys and other specialty materials, in long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, and seamless tubes, as well as precision forgings, components, and machined parts.