ATI Inc. (NYSE:ATI) Receives Consensus Recommendation of “Buy” from Brokerages

ATI Inc. (NYSE:ATI) has earned an average recommendation of “Buy” from the ten ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $164.3750.

Several equities research analysts have weighed in on ATI shares. KeyCorp lifted their price target on shares of ATI from $167.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $194.00 price objective on shares of ATI in a report on Friday, May 1st. Wells Fargo & Company initiated coverage on shares of ATI in a research report on Wednesday, April 1st. They set an “overweight” rating and a $175.00 target price for the company. BTIG Research upped their target price on shares of ATI from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Finally, Wall Street Zen cut shares of ATI from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th.

ATI Trading Up 1.2%

ATI opened at $162.33 on Friday. ATI has a 1-year low of $70.42 and a 1-year high of $171.11. The company has a current ratio of 2.67, a quick ratio of 1.17 and a debt-to-equity ratio of 0.95. The company has a market cap of $22.15 billion, a P/E ratio of 53.75, a price-to-earnings-growth ratio of 1.40 and a beta of 0.94. The company has a fifty day moving average price of $153.37 and a two-hundred day moving average price of $132.66.

ATI (NYSE:ATI) last posted its quarterly earnings results on Thursday, April 30th. The basic materials company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.12. ATI had a net margin of 9.26% and a return on equity of 26.44%. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the firm posted $0.72 earnings per share. The business’s revenue was up .6% compared to the same quarter last year. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. Analysts predict that ATI will post 4.43 EPS for the current fiscal year.

ATI announced that its Board of Directors has approved a stock repurchase program on Thursday, February 19th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the basic materials company to purchase up to 2.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, CEO Kimberly A. Fields sold 40,000 shares of ATI stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $159.21, for a total transaction of $6,368,400.00. Following the transaction, the chief executive officer owned 277,763 shares of the company’s stock, valued at $44,222,647.23. The trade was a 12.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David J. Morehouse sold 6,609 shares of the company’s stock in a transaction 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 owned 38,168 shares of the company’s stock, valued at $5,887,414. This trade represents a 14.76% decrease in their position. The SEC filing for this sale provides additional information. 0.98% of the stock is owned by company insiders.

Institutional Trading of ATI

Several institutional investors and hedge funds have recently made changes to their positions in ATI. Capital International Investors grew its position in ATI by 2.6% in 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 purchasing an additional 436,131 shares in the last quarter. Capital World Investors lifted its position in shares of ATI by 15.8% during the 3rd quarter. Capital World Investors now owns 7,900,572 shares of the basic materials company’s stock worth $642,633,000 after buying an additional 1,080,201 shares in the last quarter. State Street Corp boosted its stake in shares of ATI by 7.4% in the 3rd quarter. State Street Corp now owns 6,042,244 shares of the basic materials company’s stock worth $491,476,000 after buying an additional 415,479 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of ATI by 12.0% in the 4th quarter. Capital Research Global Investors now owns 3,611,724 shares of the basic materials company’s stock worth $414,481,000 after buying an additional 386,754 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of ATI by 7.4% in the 4th quarter. Invesco Ltd. now owns 3,384,924 shares of the basic materials company’s stock worth $388,454,000 after buying an additional 233,010 shares during the last quarter.

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.