Analysts Set ATI Inc. (NYSE:ATI) Price Target at $164.38

ATI Inc. (NYSE:ATI) has earned an average rating of “Buy” from the ten research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $164.3750.

ATI has been the subject of a number of research analyst reports. Zacks Research cut ATI from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Wells Fargo & Company initiated coverage on ATI in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $175.00 price target for the company. Weiss Ratings restated a “buy (b-)” rating on shares of ATI in a research report on Friday, May 22nd. Susquehanna raised their price target on ATI from $155.00 to $185.00 and gave the company a “positive” rating in a research report on Friday, April 10th. Finally, KeyCorp raised their price target on ATI from $167.00 to $175.00 and gave the company an “overweight” rating in a research report on Monday, May 4th.

ATI Trading Up 2.9%

NYSE:ATI opened at $175.47 on Friday. The stock has a fifty day moving average price of $155.63 and a two-hundred day moving average price of $135.19. The stock has a market capitalization of $23.95 billion, a price-to-earnings ratio of 58.10, a PEG ratio of 1.51 and a beta of 0.94. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.17 and a current ratio of 2.67. ATI has a 1 year low of $70.42 and a 1 year high of $177.27.

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

ATI declared that its Board of Directors has authorized a share repurchase plan on Thursday, February 19th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the basic materials company to reacquire up to 2.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In related news, Director David J. Morehouse sold 6,609 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $154.25, for a total transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kimberly A. Fields sold 40,000 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $159.21, for a total value of $6,368,400.00. Following the sale, the chief executive officer directly owned 277,763 shares in the company, valued at approximately $44,222,647.23. The trade was a 12.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.98% of the company’s stock.

Institutional Trading of ATI

A number of large investors have recently made changes to their positions in ATI. Signature Equity Partners LLC boosted its stake in shares of ATI by 208.5% during the first quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 123 shares during the last quarter. True Wealth Design LLC boosted its stake in shares of ATI by 642.9% during the fourth quarter. True Wealth Design LLC now owns 260 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 225 shares during the last quarter. Prestige Wealth Management Group LLC acquired a new stake in shares of ATI during the third quarter valued at $34,000. Allworth Financial LP boosted 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 acquiring an additional 180 shares during the last quarter. Finally, Torren Management LLC acquired a new stake in shares of ATI during the fourth quarter valued at $52,000.

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.