BTIG Research Issues Positive Forecast for ATI (NYSE:ATI) Stock Price

ATI (NYSE:ATI) had its target price raised by BTIG Research from $165.00 to $180.00 in a report released on Friday, MarketBeat Ratings reports. They currently have a buy rating on the basic materials company’s stock.

Several other equities analysts have also recently issued reports on ATI. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $150.00 price objective on shares of ATI in a report on Wednesday, February 4th. Alembic Global Advisors began coverage on ATI in a report on Thursday, January 15th. They issued an “overweight” rating and a $141.00 price target for the company. JPMorgan Chase & Co. boosted their price target on ATI from $135.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. Wells Fargo & Company began coverage on ATI in a report on Wednesday, April 1st. They issued an “overweight” rating and a $175.00 price target for the company. Finally, Zacks Research cut ATI from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, ATI presently has an average rating of “Buy” and a consensus price target of $163.38.

ATI Price Performance

ATI stock traded down $0.21 during midday trading on Friday, hitting $155.25. 1,465,305 shares of the stock were exchanged, compared to its average volume of 1,644,797. The stock’s 50-day moving average price is $153.50 and its 200-day moving average price is $125.57. The stock has a market cap of $21.19 billion, a price-to-earnings ratio of 54.66, a PEG ratio of 1.53 and a beta of 0.94. ATI has a fifty-two week low of $62.41 and a fifty-two week high of $168.14. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.27 and a current ratio of 2.67.

ATI (NYSE:ATI) last issued its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.12. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.19 billion. ATI had a return on equity of 26.44% and a net margin of 9.26%.ATI’s revenue was up .6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 earnings per share. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. Research analysts predict that ATI will post 4.22 earnings per share for the current year.

ATI declared that its board has authorized a share buyback program on Thursday, February 19th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the basic materials company to repurchase up to 2.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, Director David J. Morehouse sold 6,609 shares of the company’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $154.25, for a total value of $1,019,438.25. Following the completion of the transaction, the director directly owned 38,168 shares in the company, valued at approximately $5,887,414. This represents a 14.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.98% of the company’s stock.

Hedge Funds Weigh In On ATI

Institutional investors have recently added to or reduced their stakes in the business. Asset Management One Co. Ltd. acquired a new position in ATI in the third quarter valued at $3,664,000. Channing Capital Management LLC increased its stake in ATI by 34.2% in the third quarter. Channing Capital Management LLC now owns 1,109,160 shares of the basic materials company’s stock valued at $90,219,000 after purchasing an additional 282,529 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in ATI by 53.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 25,648 shares of the basic materials company’s stock valued at $3,103,000 after purchasing an additional 8,939 shares during the last quarter. Nordea Investment Management AB acquired a new position in ATI in the fourth quarter valued at $6,114,000. Finally, Intech Investment Management LLC increased its stake in ATI by 96.6% in the third quarter. Intech Investment Management LLC now owns 52,090 shares of the basic materials company’s stock valued at $4,237,000 after purchasing an additional 25,590 shares during the last quarter.

ATI News Summary

Here are the key news stories impacting ATI this week:

• Positive Sentiment: Analyst price-target raises — JPMorgan moved its target from $150 to $175 and kept an “overweight” rating, signaling confidence in ATI’s outlook and creating upside for the stock. Benzinga
• Positive Sentiment: Another bullish upgrade — BTIG lifted its target from $165 to $180 and reiterated a “buy” rating, reinforcing buy-side momentum from institutional research. Benzinga The Fly
• Positive Sentiment: Q1 results and margin improvement — ATI reported adjusted EPS of $1.00 (beat) and highlighted margin expansion (adjusted EBITDA margin 20.1%, +310 bps YoY), stronger aerospace demand, and raised full‑year adjusted earnings/cash‑flow guidance. Management also provided an adjusted EBITDA outlook ($1.01B–$1.06B) and backlog of ~$4.1B, which support forward earnings visibility. PR Newswire MSN
• Neutral Sentiment: Call transcripts and market reaction coverage — Investors and analysts are parsing the earnings call and transcripts for color on aerospace demand, pricing, and cost flow; summaries and transcripts are available for deeper read. Seeking Alpha transcript Yahoo – investor reaction
• Negative Sentiment: Revenue slightly missed estimates — Sales of $1.15B came in below the $1.19B consensus, which tempers the beat and could limit upside if investors focus on top-line softness. MarketBeat
• Negative Sentiment: Valuation and expectations risk — ATI’s premium multiple (e.g., elevated P/E) and guidance that’s roughly in line with consensus mean upside depends on continued margin improvements and execution; failure to sustain margins could pressure the stock. Zacks

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.