ATI (NYSE:ATI) Stock Rating Upgraded by Zacks Research

ATI (NYSE:ATI) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on ATI. Weiss Ratings cut ATI from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. JPMorgan Chase & Co. increased their target price on shares of ATI from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $194.00 target price on shares of ATI in a research report on Friday, May 1st. Wall Street Zen lowered shares of ATI from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, 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 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, ATI currently has an average rating of “Buy” and an average price target of $164.38.

ATI Stock Performance

NYSE:ATI opened at $197.10 on Thursday. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.67 and a quick ratio of 1.17. The business has a fifty day simple moving average of $172.24 and a two-hundred day simple moving average of $148.17. ATI has a 1 year low of $70.42 and a 1 year high of $205.31. The company has a market capitalization of $26.90 billion, a P/E ratio of 65.26, a P/E/G ratio of 1.72 and a beta of 0.96.

ATI (NYSE:ATI) last issued its quarterly earnings results on Thursday, April 30th. The basic materials company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $1.19 billion. During the same quarter in the prior year, the firm earned $0.72 EPS. 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. On average, analysts expect that ATI will post 4.43 earnings per share for the current year.

Insider Transactions at ATI

In other ATI news, CEO Kimberly A. Fields sold 3,783 shares of the firm’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $197.21, for a total value of $746,045.43. Following the completion of the transaction, the chief executive officer directly owned 197,321 shares of the company’s stock, valued at $38,913,674.41. This trade represents a 1.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders have sold 120,442 shares of company stock valued at $21,219,431. Corporate insiders own 0.98% of the company’s stock.

Institutional Investors Weigh In On ATI

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Signature Equity Partners LLC boosted its stake in ATI by 208.5% during the first quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company’s stock valued at $26,000 after buying an additional 123 shares during the period. True Wealth Design LLC increased its stake in ATI by 642.9% in the 4th quarter. True Wealth Design LLC now owns 260 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 225 shares during the last quarter. Allworth Financial LP increased its stake in ATI by 50.8% in the 3rd quarter. Allworth Financial LP now owns 534 shares of the basic materials company’s stock worth $43,000 after acquiring an additional 180 shares during the last quarter. Torren Management LLC bought a new position in ATI in the 4th quarter worth about $52,000. Finally, ARK Investment Management LLC raised its holdings in shares of ATI by 378.7% in the 3rd quarter. ARK Investment Management LLC now owns 742 shares of the basic materials company’s stock valued at $60,000 after acquiring an additional 587 shares in 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.