ATI (NYSE:ATI) Stock Price Target Cut by BTIG Research

ATI (NYSE:ATI) had its target price cut by equities research analysts at BTIG Research from $270.00 to $250.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the basic materials company’s stock. BTIG Research‘s price target would suggest a potential upside of 42.87% from the company’s previous close.

Several other equities analysts also recently weighed in on the stock. TD Cowen raised their price target on shares of ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Wall Street Zen raised shares of ATI from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings downgraded shares of ATI from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday. Wells Fargo & Company cut their price objective on shares of ATI from $275.00 to $240.00 and set an “overweight” rating for the company in a report on Wednesday, September 30th. Finally, KeyCorp decreased their target price on shares of ATI from $258.00 to $228.00 and set an “overweight” rating on the stock in a research note on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, ATI currently has a consensus rating of “Buy” and a consensus price target of $221.38.

ATI Stock Up 5.9%

NYSE ATI opened at $174.98 on Friday. The business has a fifty day moving average price of $191.31 and a 200 day moving average price of $172.78. ATI has a one year low of $93.11 and a one year high of $243.57. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.14 and a current ratio of 2.33. The company has a market cap of $23.83 billion, a P/E ratio of 51.31, a P/E/G ratio of 0.98 and a beta of 0.99.

ATI (NYSE:ATI) last announced its quarterly earnings data on Thursday, October 29th. The basic materials company reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.09. ATI had a return on equity of 29.27% and a net margin of 10.09%. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the firm posted $0.85 EPS. The firm’s revenue for the quarter was up 26.5% on a year-over-year basis. Research analysts anticipate that ATI will post 5.13 EPS for the current fiscal year.

Insider Buying and Selling

In other ATI news, CEO Kimberly A. Fields sold 24,845 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $231.19, for a total value of $5,743,915.55. Following the transaction, the chief executive officer directly owned 100,719 shares in the company, valued at $23,285,225.61. The trade was a 19.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Timothy J. Harris sold 9,000 shares of the stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $191.82, for a total transaction of $1,726,380.00. Following the completion of the sale, the vice president directly owned 88,187 shares of the company’s stock, valued at approximately $16,916,030.34. This trade represents a 9.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 85,830 shares of company stock worth $18,046,361. Insiders own 0.98% of the company’s stock.

Institutional Trading of ATI

Several institutional investors have recently made changes to their positions in the company. Signature Equity Partners LLC increased its stake in ATI by 62.3% during the third quarter. Signature Equity Partners LLC now owns 310 shares of the basic materials company’s stock worth $59,000 after acquiring an additional 119 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its position in ATI by 498.4% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 46,671 shares of the basic materials company’s stock valued at $8,838,000 after purchasing an additional 38,872 shares during the period. Sumitomo Mitsui Trust Group Inc. purchased a new stake in ATI in the third quarter valued at $47,746,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of ATI in the 3rd quarter valued at $845,000. Finally, Vise Technologies Inc. lifted its stake in shares of ATI by 44.8% in the 3rd quarter. Vise Technologies Inc. now owns 4,932 shares of the basic materials company’s stock valued at $934,000 after purchasing an additional 1,526 shares during the last quarter.

Key Headlines Impacting ATI

Here are the key news stories impacting ATI this week:

• Positive Sentiment: ATI reported third-quarter sales of $1.42 billion, up 26% year over year and ahead of the roughly $1.32 billion analyst estimate. GAAP diluted EPS rose to $1.37 from $0.78, while adjusted EPS of $1.46 exceeded consensus estimates of approximately $1.36-$1.37. ATI Announces Third Quarter 2026 Results
• Positive Sentiment: Profitability improved materially: adjusted EBITDA climbed 46% to $328 million, and the margin expanded to 23.0% from 20.0%. ATI also exceeded the high end of its quarterly adjusted EBITDA guidance by $13 million. ATI reports third-quarter sales and raises guidance
• Positive Sentiment: Management raised full-year 2026 adjusted EBITDA guidance to $1.19 billion-$1.20 billion from $1.135 billion-$1.185 billion and increased adjusted EPS guidance to $5.17-$5.23 from $4.90-$5.18. Fourth-quarter adjusted EBITDA is expected at $345 million-$355 million. ATI boosts fiscal-year outlook
• Positive Sentiment: Growth was supported by aerospace and defense demand, pricing and product mix. High Performance Materials & Components sales rose 20%, while AA&S sales increased 34%. ATI also repurchased $70 million of stock during the quarter. ATI third-quarter revenue and EPS report
• Neutral Sentiment: Institutional positioning was mixed in the latest reported quarter: BlackRock added shares, while Viking Global, Capital International and D.E. Shaw reduced holdings. A median analyst price target cited in recent coverage was $211.
• Negative Sentiment: Insider trading data showed 31 open-market sales and no purchases over the past six months, including sales by CEO Kimberly A. Fields. These transactions may weigh modestly on sentiment, although they do not offset the stronger earnings and guidance signals.

About ATI

ATI Inc (NYSE: ATI) is a specialty materials and components manufacturer serving demanding applications in the aerospace and defense, medical, energy, and industrial markets. The company develops and produces materials designed to perform in high-temperature, high-strength, and corrosion-resistant environments.

Its products include nickel-based superalloys, titanium and titanium-based materials, specialty steels, precision-rolled materials, forgings, and other engineered components. These products are used in aircraft engines and airframes, defense systems, medical implants and devices, power-generation equipment, and other industrial applications.

ATI was formed in 1996 through the combination of Allegheny Ludlum Corporation and Teledyne, Inc The company serves customers in the United States and international markets through manufacturing and processing operations across North America and Europe.