Zacks Research Upgrades ATI (NYSE:ATI) to Strong-Buy

ATI (NYSE:ATI) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

Several other equities analysts have also weighed in on the stock. KeyCorp lifted their target price on shares of ATI from $120.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. Alembic Global Advisors initiated coverage on shares of ATI in a research report on Thursday, January 15th. They set an “overweight” rating and a $141.00 price target on the stock. JPMorgan Chase & Co. lifted their price objective on shares of ATI from $135.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $150.00 target price on shares of ATI in a research note on Wednesday, February 4th. Finally, BTIG Research raised their target price on ATI from $120.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $133.00.

ATI Stock Performance

NYSE ATI opened at $137.02 on Monday. The firm has a market capitalization of $18.62 billion, a P/E ratio of 48.25, a PEG ratio of 1.37 and a beta of 1.02. The stock has a 50-day simple moving average of $117.99 and a two-hundred day simple moving average of $96.46. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.27 and a current ratio of 2.66. ATI has a fifty-two week low of $39.23 and a fifty-two week high of $137.74.

ATI (NYSE:ATI) last posted its earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.89 by $0.04. ATI had a return on equity of 24.26% and a net margin of 8.81%.The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the company earned $0.79 earnings per share. ATI’s revenue for the quarter 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. On average, equities analysts forecast that ATI will post 2.89 earnings per share for the current year.

Insider Transactions at ATI

In related news, SVP Tina Killough Busch sold 2,598 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $93.26, for a total transaction of $242,289.48. Following the completion of the transaction, the senior vice president owned 21,274 shares in the company, valued at $1,984,013.24. This represents a 10.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Timothy J. Harris sold 10,542 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $97.88, for a total transaction of $1,031,850.96. Following the completion of the transaction, the vice president directly owned 98,310 shares in the company, valued at $9,622,582.80. This represents a 9.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 137,544 shares of company stock valued at $14,102,044 over the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of ATI

Institutional investors have recently made changes to their positions in the company. True Wealth Design LLC grew its holdings in shares of 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 purchasing an additional 225 shares during the period. Meeder Asset Management Inc. boosted 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 valued at $34,000 after purchasing an additional 402 shares during the last quarter. Prestige Wealth Management Group LLC purchased a new stake in shares of ATI in the 3rd quarter valued at approximately $34,000. Allworth Financial LP grew its stake in shares of ATI by 50.8% in the 3rd quarter. Allworth Financial LP now owns 534 shares of the basic materials company’s stock valued at $43,000 after buying an additional 180 shares during the period. Finally, Torren Management LLC acquired a new stake in shares of ATI during the 4th quarter worth approximately $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.