ATI (NYSE:ATI) Reaches New 12-Month High – Still a Buy?

ATI Inc. (NYSE:ATI)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $239.23 and last traded at $227.56, with a volume of 1375129 shares trading hands. The stock had previously closed at $227.84.

Analyst Ratings Changes

ATI has been the subject of several recent analyst reports. TD Cowen upped their target price on shares of ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $262.00 price target on shares of ATI in a research report on Monday. Wall Street Zen upgraded shares of ATI from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Susquehanna upped their price objective on shares of ATI from $215.00 to $265.00 and gave the stock a “positive” rating in a research report on Friday, August 7th. Finally, KeyCorp increased their price objective on shares of ATI from $211.00 to $258.00 and gave the company an “overweight” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $232.00.

ATI Price Performance

The stock has a market cap of $31.32 billion, a P/E ratio of 67.46, a P/E/G ratio of 1.39 and a beta of 0.98. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.14 and a current ratio of 2.33. The business has a 50 day simple moving average of $195.41 and a 200-day simple moving average of $166.99.

ATI (NYSE:ATI) last released its earnings results on Thursday, August 6th. The basic materials company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.20. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. ATI had a return on equity of 29.27% and a net margin of 10.09%.The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.74 EPS. ATI has set its Q3 2026 guidance at 1.310-1.370 EPS and its FY 2026 guidance at 4.900-5.180 EPS. On average, sell-side analysts forecast that ATI Inc. will post 5.15 EPS for the current year.

Insider Transactions at ATI

In other ATI news, CEO Kimberly A. Fields sold 31,757 shares of ATI stock in a transaction dated 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 of the company’s stock, valued at approximately $23,981,468.36. The trade was a 20.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 152,199 shares of company stock worth $28,232,700 in the last three months. Company insiders own 0.98% of the company’s stock.

Institutional Investors Weigh In On ATI

Several large investors have recently modified their holdings of the stock. BlackRock Inc. bought a new position in ATI during the second quarter valued at $3,687,529,000. State Street Corp raised its stake in shares of ATI by 7.4% in 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 buying an additional 415,479 shares during the period. Capital Research Global Investors raised its stake in shares of ATI by 12.0% in 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 buying an additional 386,754 shares during the period. Invesco Ltd. lifted its position in shares of ATI by 7.4% during 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. Finally, Norges Bank purchased a new position in shares of ATI during the 4th quarter valued at $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.