ATI (NYSE:ATI) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of ATI (NYSE:ATI) from a hold rating to a strong-buy rating in a report issued on Thursday morning,Zacks.com reports.

ATI has been the subject of several other reports. BTIG Research lifted their price target on shares of ATI from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Wells Fargo & Company initiated coverage on shares of ATI in a research report on Wednesday, April 1st. They set an “overweight” rating and a $175.00 price objective on the stock. Wall Street Zen downgraded ATI from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. KeyCorp boosted their target price on ATI from $167.00 to $175.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $194.00 price target on shares of ATI in a report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $164.38.

ATI Stock Performance

Shares of ATI stock opened at $197.10 on Thursday. The company has a market cap of $26.90 billion, a price-to-earnings ratio of 65.26, a price-to-earnings-growth ratio of 1.72 and a beta of 0.96. ATI has a 52 week low of $70.42 and a 52 week high of $205.31. The company has a quick ratio of 1.17, a current ratio of 2.67 and a debt-to-equity ratio of 0.95. The firm has a 50 day moving average of $172.24 and a 200-day moving average of $148.17.

ATI (NYSE:ATI) last released its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.12. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.19 billion. ATI had a net margin of 9.26% and a return on equity of 26.44%. ATI’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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. On average, equities analysts forecast that ATI will post 4.43 earnings per share for the current year.

Insider Buying and Selling at ATI

In other news, CEO Kimberly A. Fields sold 59,749 shares of ATI stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following the completion of the transaction, the chief executive officer directly owned 218,014 shares in the company, valued at $39,039,766.98. This trade represents a 21.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 120,442 shares of company stock valued at $21,219,431 over the last 90 days. 0.98% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ATI

Large investors have recently added to or reduced their stakes in 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 worth $1,394,349,000 after purchasing an additional 436,131 shares in the last quarter. Capital World Investors boosted its position in shares of ATI by 15.8% during the third quarter. Capital World Investors now owns 7,900,572 shares of the basic materials company’s stock valued at $642,633,000 after buying an additional 1,080,201 shares during the last quarter. State Street Corp grew its holdings in ATI by 7.4% during the third 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 in the last quarter. Capital Research Global Investors grew its holdings in 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 worth $414,481,000 after buying an additional 386,754 shares in the last quarter. Finally, Invesco Ltd. raised its position in ATI by 7.4% in the 4th 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 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.