ATI (NYSE:ATI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of ATI (NYSE:ATI) from a hold rating to a buy rating in a research note released on Saturday.

Several other research firms also recently issued reports on ATI. KeyCorp upped their price objective on ATI from $175.00 to $211.00 and gave the company an “overweight” rating in a research note on Tuesday, June 30th. TD Cowen boosted their price objective on ATI from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 13th. 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. Weiss Ratings raised shares of ATI from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. Finally, Susquehanna boosted their price objective on ATI from $215.00 to $265.00 and gave the company a “positive” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $226.12.

ATI Price Performance

Shares of NYSE:ATI opened at $227.56 on Friday. The company has a market cap of $31.06 billion, a price-to-earnings ratio of 66.73, a PEG ratio of 1.62 and a beta of 0.98. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.33 and a quick ratio of 1.14. The firm has a 50 day simple moving average of $193.37 and a 200 day simple moving average of $165.49. ATI has a one year low of $70.42 and a one year high of $239.23.

ATI (NYSE:ATI) last issued its earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.20. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. ATI had a net margin of 10.09% and a return on equity of 29.27%. The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the business 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. Research analysts predict that ATI will post 5.04 earnings per share for the current fiscal year.

Insider Transactions at ATI

In other ATI news, CEO Kimberly A. Fields sold 59,749 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following the completion of the sale, the chief executive officer directly owned 218,014 shares of the company’s stock, valued at approximately $39,039,766.98. The trade was a 21.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last three months, insiders sold 152,199 shares of company stock worth $28,232,700. 0.98% of the stock is currently owned by insiders.

Hedge Funds Weigh In On ATI

Several large investors have recently bought and sold shares of ATI. BlackRock Inc. bought a new stake in shares of ATI in the 2nd quarter worth $3,687,529,000. State Street Corp lifted its position in shares of ATI by 7.4% during the third quarter. State Street Corp now owns 6,042,244 shares of the basic materials company’s stock valued at $491,476,000 after purchasing an additional 415,479 shares in the last quarter. Capital Research Global Investors lifted its position in shares of ATI by 12.0% during the fourth quarter. Capital Research Global Investors now owns 3,611,724 shares of the basic materials company’s stock valued at $414,481,000 after purchasing an additional 386,754 shares in the last quarter. Invesco Ltd. boosted its holdings in ATI by 7.4% during the fourth quarter. Invesco Ltd. now owns 3,384,924 shares of the basic materials company’s stock worth $388,454,000 after purchasing an additional 233,010 shares during the last quarter. Finally, Norges Bank purchased a new position in ATI during the fourth quarter worth about $198,787,000.

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.