KeyCorp Forecasts Strong Price Appreciation for ATI (NYSE:ATI) Stock

ATI (NYSE:ATI) had its target price boosted by equities research analysts at KeyCorp from $140.00 to $167.00 in a report released on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the basic materials company’s stock. KeyCorp’s price objective would suggest a potential upside of 4.19% from the stock’s current price.

A number of other research analysts have also issued reports on ATI. JPMorgan Chase & Co. boosted their target price on ATI from $135.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. Susquehanna set a $155.00 price target on ATI in a research note on Wednesday, February 4th. BTIG Research lifted their price target on ATI from $120.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $150.00 price target on shares of ATI in a research note on Wednesday, February 4th. Finally, Alembic Global Advisors assumed coverage on ATI in a research note on Thursday, January 15th. They issued an “overweight” rating and a $141.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $141.56.

ATI Trading Up 2.5%

NYSE:ATI opened at $160.28 on Thursday. The stock’s 50 day moving average price is $146.53 and its 200 day moving average price is $117.35. The company has a market capitalization of $21.87 billion, a PE ratio of 56.53, a P/E/G ratio of 1.45 and a beta of 1.00. The company has a quick ratio of 1.27, a current ratio of 2.66 and a debt-to-equity ratio of 0.90. ATI has a 52-week low of $43.96 and a 52-week high of $168.14.

ATI (NYSE:ATI) last released its quarterly earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. ATI had a return on equity of 24.26% and a net margin of 8.81%.The firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter last year, the business posted $0.79 EPS. 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, research analysts anticipate that ATI will post 2.89 EPS for the current year.

ATI declared that its board has authorized a share buyback program on Thursday, February 19th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the basic materials company to repurchase up to 2.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at ATI

In other news, Director David J. Morehouse sold 6,609 shares of ATI stock in a transaction on Monday, March 9th. The stock was sold at an average price of $154.25, for a total value of $1,019,438.25. Following the completion of the sale, the director owned 38,168 shares of the company’s stock, valued at $5,887,414. The trade was a 14.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On ATI

Institutional investors have recently added to or reduced their stakes in the company. True Wealth Design LLC boosted its position 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 worth $30,000 after buying an additional 225 shares during the period. Prestige Wealth Management Group LLC purchased a new position in ATI in the third quarter valued at about $34,000. Meeder Asset Management Inc. boosted its holdings in ATI by 2,010.0% in the third 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. Torren Management LLC bought a new position in ATI during the 4th quarter worth approximately $52,000. Finally, Allworth Financial LP lifted its holdings in ATI by 50.8% during the 3rd quarter. Allworth Financial LP now owns 534 shares of the basic materials company’s stock worth $43,000 after buying an additional 180 shares during the last quarter.

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.