ATI (NYSE:ATI) Upgraded at Zacks Research

ATI (NYSE:ATI) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

A number of other research firms have also weighed in on ATI. JPMorgan Chase & Co. upped their target price on shares of ATI from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Wall Street Zen downgraded ATI from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Susquehanna boosted their price objective on ATI from $155.00 to $185.00 and gave the stock a “positive” rating in a report on Friday, April 10th. BTIG Research increased their price objective on ATI from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Finally, KeyCorp raised their target price on ATI from $167.00 to $175.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, ATI currently has an average rating of “Buy” and a consensus price target of $164.38.

ATI Stock Performance

Shares of ATI stock opened at $197.10 on Thursday. 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 firm has a fifty day simple moving average of $172.24 and a two-hundred day simple moving average of $148.17. ATI has a 12 month low of $70.42 and a 12 month high of $205.31. The firm has a market capitalization of $26.90 billion, a PE ratio of 65.26, a price-to-earnings-growth ratio of 1.72 and a beta of 0.96.

ATI (NYSE:ATI) last released its quarterly earnings data 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. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.19 billion. ATI had a net margin of 9.26% and a return on equity of 26.44%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the firm earned $0.72 earnings per share. 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 forecast that ATI will post 4.43 EPS for the current fiscal year.

Insider Transactions at ATI

In other ATI news, CEO Kimberly A. Fields sold 59,749 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $179.07, for a total value of $10,699,253.43. Following the completion of the transaction, the chief executive officer owned 218,014 shares in the company, valued at $39,039,766.98. This represents a 21.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 120,442 shares of company stock valued at $21,219,431. 0.98% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On ATI

A number of hedge funds and other institutional investors have recently made changes to their positions in ATI. Signature Equity Partners LLC increased its holdings in ATI by 208.5% during the first quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company’s stock worth $26,000 after buying an additional 123 shares during the last quarter. True Wealth Design LLC boosted its stake in ATI by 642.9% in 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. Summit Securities Group LLC purchased a new position in ATI in the first quarter valued at about $60,000. Hollencrest Capital Management boosted its stake in ATI by 283.1% in the first quarter. Hollencrest Capital Management now owns 452 shares of the basic materials company’s stock valued at $66,000 after acquiring an additional 334 shares during the last quarter. Finally, Torren Management LLC bought a new position in shares of ATI during the 4th quarter valued at approximately $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.