ATI (NYSE:ATI) Now Covered by Analysts at KeyCorp

Investment analysts at KeyCorp initiated coverage on shares of ATI (NYSE:ATI) in a research note issued to investors on Wednesday. The firm set an “overweight” rating and a $140.00 price target on the basic materials company’s stock. KeyCorp’s price objective points to a potential downside of 6.15% from the stock’s current price.

ATI has been the topic of several other research reports. JPMorgan Chase & Co. increased their price objective on shares of ATI from $135.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 4th. Weiss Ratings restated a “buy (b-)” rating on shares of ATI in a research note on Monday, December 29th. Alembic Global Advisors began coverage on ATI in a report on Thursday, January 15th. They set an “overweight” rating and a $141.00 target price for the company. BTIG Research raised their price target on ATI from $120.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Finally, Zacks Research upgraded ATI from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $134.00.

ATI Stock Performance

ATI stock opened at $149.18 on Wednesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.66 and a quick ratio of 1.27. ATI has a 12 month low of $39.23 and a 12 month high of $168.14. The company has a fifty day moving average price of $141.52 and a two-hundred day moving average price of $112.31. The company has a market cap of $20.43 billion, a PE ratio of 52.53, a P/E/G ratio of 1.45 and a beta of 0.95.

ATI (NYSE:ATI) last issued its earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 earnings per share 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 period in the prior year, the company earned $0.79 earnings per share. The firm’s revenue 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. Research analysts expect that ATI will post 2.89 earnings per share for the current year.

ATI announced that its board has authorized a share buyback program on Thursday, February 19th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the basic materials company to buy up to 2.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at ATI

In other ATI news, Director David J. Morehouse sold 6,609 shares of the business’s stock in a transaction dated 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 of the company’s stock, 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 SEC, which is available at this hyperlink. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On ATI

Large investors have recently made changes to their positions in the company. True Wealth Design LLC boosted its position 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 worth $30,000 after buying an additional 225 shares during the period. Meeder Asset Management Inc. grew its holdings in ATI by 2,010.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 422 shares of the basic materials company’s stock worth $34,000 after buying an additional 402 shares in the last quarter. Prestige Wealth Management Group LLC acquired a new stake in ATI in the 3rd quarter valued at approximately $34,000. Allworth Financial LP raised its stake in ATI by 50.8% during the 3rd 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 in the last quarter. Finally, Torren Management LLC acquired a new position in ATI during the 4th quarter worth $52,000.

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.