ATI (NYSE:ATI) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of ATI (NYSE:ATI) from a hold rating to a buy rating in a research report released on Monday morning.

Several other equities analysts also recently weighed in on the stock. BTIG Research lifted their price target on shares of ATI from $165.00 to $180.00 and gave the company a “buy” rating in a report on Friday, May 1st. KeyCorp increased their price objective on shares of ATI from $175.00 to $211.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 30th. TD Cowen raised their price objective on shares of ATI from $170.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Wells Fargo & Company started coverage on shares of ATI in a research note on Wednesday, April 1st. They set an “overweight” rating and a $175.00 target price on the stock. Finally, Zacks Research raised shares of ATI from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. Two equities research analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $176.78.

ATI Stock Performance

NYSE:ATI opened at $186.29 on Monday. The stock has a 50-day simple moving average of $182.40 and a two-hundred day simple moving average of $157.22. ATI has a 52-week low of $70.42 and a 52-week high of $205.31. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.17 and a current ratio of 2.67. The firm has a market capitalization of $25.42 billion, a PE ratio of 61.69, a P/E/G ratio of 1.48 and a beta of 0.96.

ATI (NYSE:ATI) last posted its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.88 by $0.12. ATI had a return on equity of 26.44% and a net margin of 9.26%.The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the company earned $0.72 earnings per share. The business’s revenue for the quarter 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 forecast that ATI will post 4.49 EPS for the current year.

Insider Activity at ATI

In related news, CEO Kimberly A. Fields sold 59,749 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following the completion of the transaction, the chief executive officer 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 160,442 shares of company stock valued at $28,535,831 over the last quarter. 0.98% of the stock is currently owned by insiders.

Institutional Trading of ATI

A number of large investors have recently made changes to their positions in the business. Royal Bank of Canada increased its stake in ATI by 8.1% during the first quarter. Royal Bank of Canada now owns 60,369 shares of the basic materials company’s stock worth $3,140,000 after acquiring an additional 4,542 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of ATI by 49.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 633,948 shares of the basic materials company’s stock worth $32,984,000 after purchasing an additional 209,480 shares during the period. Cetera Investment Advisers purchased a new position in shares of ATI in the 2nd quarter worth approximately $324,000. M&T Bank Corp bought a new position in shares of ATI during the 2nd quarter valued at approximately $317,000. Finally, First Trust Advisors LP increased its position in shares of ATI by 4.9% during the 2nd quarter. First Trust Advisors LP now owns 197,214 shares of the basic materials company’s stock valued at $17,028,000 after purchasing an additional 9,234 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.