KeyCorp Issues Positive Forecast for ATI (NYSE:ATI) Stock Price

ATI (NYSE:ATI) had its price target lifted by equities research analysts at KeyCorp from $175.00 to $211.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the basic materials company’s stock. KeyCorp’s price objective suggests a potential upside of 7.07% from the stock’s previous close.

A number of other brokerages also recently issued reports on ATI. Zacks Research raised shares of ATI from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. 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. BTIG Research increased their target price on shares of ATI from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Wall Street Zen downgraded shares of ATI from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $194.00 price target on shares of ATI in a report on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $168.88.

ATI Price Performance

ATI stock opened at $197.07 on Tuesday. ATI has a one year low of $70.42 and a one year high of $205.31. The business has a fifty day moving average price of $173.06 and a 200-day moving average price of $149.20. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.67 and a quick ratio of 1.17. The firm has a market capitalization of $26.89 billion, a P/E ratio of 65.26, a PEG ratio of 1.70 and a beta of 0.96.

ATI (NYSE:ATI) last issued its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.00 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the prior year, the firm posted $0.72 EPS. The firm’s quarterly revenue 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, equities research analysts forecast that ATI will post 4.43 EPS for the current year.

Insider Buying and Selling at ATI

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

Hedge Funds Weigh In On ATI

A number of institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC lifted its stake in ATI by 53.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 25,648 shares of the basic materials company’s stock worth $3,103,000 after purchasing an additional 8,939 shares during the last quarter. Nordea Investment Management AB purchased a new position in shares of ATI in the 4th quarter worth about $6,114,000. Northwestern Mutual Wealth Management Co. increased its position in shares of ATI by 456.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 129,617 shares of the basic materials company’s stock valued at $14,875,000 after purchasing an additional 106,343 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in shares of ATI by 65.8% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 25,214 shares of the basic materials company’s stock valued at $2,894,000 after purchasing an additional 10,004 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of ATI by 1,062.0% during the 4th quarter. SG Americas Securities LLC now owns 68,417 shares of the basic materials company’s stock valued at $7,852,000 after buying an additional 62,529 shares in 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.