ATI (NYSE:ATI) Given New $270.00 Price Target at BTIG Research

ATI (NYSE:ATI) had its price objective upped by BTIG Research from $180.00 to $270.00 in a report published on Friday,Benzinga reports. The brokerage currently has a buy rating on the basic materials company’s stock.

Several other research firms have also issued reports on ATI. Zacks Research upgraded shares of ATI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. KeyCorp upped their target price on shares of ATI from $175.00 to $211.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 30th. Wall Street Zen downgraded ATI from a “buy” rating to a “hold” rating in a report on Tuesday, July 28th. TD Cowen raised their price target on shares of ATI from $170.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Finally, Weiss Ratings upgraded shares of ATI from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. Two analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $205.12.

ATI Stock Performance

NYSE ATI opened at $228.15 on Friday. ATI has a 1 year low of $70.42 and a 1 year high of $236.98. The company has a fifty day moving average price of $192.40 and a 200-day moving average price of $164.47. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.33 and a quick ratio of 1.17. The firm has a market cap of $31.14 billion, a price-to-earnings ratio of 66.91, a PEG ratio of 1.58 and a beta of 0.98.

ATI (NYSE:ATI) last posted its quarterly earnings data on Thursday, August 6th. The basic materials company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.20. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.22 billion. ATI had a net margin of 10.09% and a return on equity of 29.27%. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.74 earnings per share. ATI has set its Q3 2026 guidance at 1.310-1.370 EPS and its FY 2026 guidance at 4.900-5.180 EPS. As a group, equities research analysts predict that ATI will post 5.04 EPS for the current fiscal year.

Insider Transactions at ATI

In other ATI news, CEO Kimberly A. Fields sold 31,757 shares of the business’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $190.99, for a total value of $6,065,269.43. Following the sale, the chief executive officer owned 125,564 shares in the company, valued at $23,981,468.36. The trade was a 20.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders have sold 192,199 shares of company stock valued at $34,601,100. Insiders own 0.98% of the company’s stock.

Institutional Investors Weigh In On ATI

A number of hedge funds have recently bought and sold shares of the business. CoreCap Advisors LLC bought a new position in shares of ATI in the 2nd quarter valued at about $30,000. Signature Equity Partners LLC boosted its position in ATI by 208.5% in the 1st 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. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in ATI during the 2nd quarter valued at $73,000. Meeder Asset Management Inc. purchased a new stake in shares of ATI in the 2nd quarter worth approximately $77,000. Finally, Summit Securities Group LLC purchased a new stake in shares of ATI during the 1st quarter worth $60,000.

ATI News Summary

Here are the key news stories impacting ATI this week:

• Positive Sentiment: Quarterly results exceeded expectations: ATI reported adjusted EPS of $1.23 versus the $1.03 consensus estimate, while revenue rose 11% year over year to $1.26 billion. GAAP EPS increased 56% to $1.09, and net income rose 50% to $151 million. ATI Announces Second Quarter 2026 Results
• Positive Sentiment: Profitability is expanding: Adjusted EBITDA climbed 37% to $284 million, with the margin expanding to 22.6% from 18.2% a year earlier. Aerospace and defense sales increased 13%, supporting demand for ATI’s advanced materials. ATI Q2 Earnings Call Highlights
• Positive Sentiment: Raised outlook and strong backlog: ATI increased its full-year 2026 adjusted EPS guidance to $4.90-$5.18 from $4.20-$4.48 and forecast third-quarter EPS of $1.31-$1.37, above the $1.12 consensus. Management also cited a record $4.4 billion backlog and stronger second-half growth as its HPMC business ramps. ATI Raises 2026 Outlook
• Positive Sentiment: Analysts raised price targets: Susquehanna lifted its target to $265 and assigned a positive rating, while BTIG raised its target to $270 and upgraded ATI to Buy. The revisions reinforce optimism about sustained aerospace, defense and margin growth.
• Neutral Sentiment: ATI is trading near its 52-week high and at a comparatively elevated valuation, with a reported P/E ratio above 75, which may increase sensitivity to any earnings or guidance disappointment.
• Negative Sentiment: Insider-trading data shows 26 open-market sales and no purchases during the past six months, including sales by senior executives. This may temper sentiment, although the transactions have not offset the positive earnings reaction.

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.