ATI (NYSE:ATI) Price Target Raised to $211.00

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

ATI has been the topic of several other research reports. Wells Fargo & Company assumed coverage on ATI in a report on Wednesday, April 1st. They issued an “overweight” rating and a $175.00 price objective on the stock. Weiss Ratings cut ATI from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 23rd. Zacks Research upgraded ATI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $194.00 price target on shares of ATI in a research note on Friday, May 1st. Finally, Wall Street Zen downgraded ATI from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $168.88.

ATI Price Performance

ATI stock opened at $197.07 on Tuesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.17 and a current ratio of 2.67. ATI has a 52 week low of $70.42 and a 52 week high of $205.31. The firm’s fifty day moving average is $173.06 and its 200 day moving average is $149.20. The firm has a market cap of $26.89 billion, a P/E ratio of 65.26, a P/E/G ratio of 1.70 and a beta of 0.96.

ATI (NYSE:ATI) last issued its earnings results on Thursday, April 30th. The basic materials company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.12. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.19 billion. ATI had a net margin of 9.26% and a return on equity of 26.44%. The firm’s revenue was up .6% compared to the same quarter last year. During the same quarter last year, the company earned $0.72 EPS. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. Research analysts predict that ATI will post 4.43 earnings per share for the current year.

Insider Activity

In other ATI news, CEO Kimberly A. Fields sold 59,749 shares of the business’s stock in a transaction dated 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 owned 218,014 shares in the company, valued at approximately $39,039,766.98. The trade was a 21.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 120,442 shares of company stock valued at $21,219,431 in the last 90 days. 0.98% of the stock is currently owned by insiders.

Institutional Trading of ATI

Several large investors have recently modified their holdings of the business. Capital International Investors increased its holdings in ATI by 2.6% during the 3rd quarter. Capital International Investors now owns 17,147,559 shares of the basic materials company’s stock valued at $1,394,349,000 after purchasing an additional 436,131 shares during the period. Capital World Investors lifted its holdings in ATI by 15.8% in the 3rd quarter. Capital World Investors now owns 7,900,572 shares of the basic materials company’s stock worth $642,633,000 after buying an additional 1,080,201 shares during the period. State Street Corp grew its position in shares of ATI by 7.4% in the 3rd quarter. State Street Corp now owns 6,042,244 shares of the basic materials company’s stock worth $491,476,000 after buying an additional 415,479 shares during the last quarter. Capital Research Global Investors grew its position in shares of ATI by 12.0% in the 4th quarter. Capital Research Global Investors now owns 3,611,724 shares of the basic materials company’s stock worth $414,481,000 after buying an additional 386,754 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of ATI by 7.4% during the fourth quarter. Invesco Ltd. now owns 3,384,924 shares of the basic materials company’s stock valued at $388,454,000 after buying an additional 233,010 shares during the period.

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.