ATI Inc. (NYSE:ATI) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• ATI Inc. has received a consensus rating of "Moderate Buy" from ten research firms, with an average 12-month price objective of $90.86.
• Insider trading activity includes significant sales by Director David J. Morehouse and Chairman Robert S. Wetherbee, reducing their ownership stakes by 15% and 14.02%, respectively.
• In its recent earnings report, ATI topped earnings estimates with $0.74 EPS and projected a FY 2025 guidance of 2.90-3.07 EPS.

ATI Inc. (NYSE:ATI - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the ten research firms that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $90.8571.

ATI has been the subject of several research reports. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of ATI in a research report on Wednesday. Zacks Research raised ATI to a "hold" rating in a research report on Tuesday, August 12th. BTIG Research reiterated a "buy" rating and set a $120.00 price objective on shares of ATI in a research note on Friday, September 12th. JPMorgan Chase & Co. lifted their price objective on ATI from $75.00 to $92.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, Susquehanna cut their price objective on ATI from $105.00 to $100.00 and set a "positive" rating for the company in a report on Friday, August 1st.

Insider Buying and Selling at ATI

In other ATI news, Director David J. Morehouse sold 7,900 shares of ATI stock in a transaction on Monday, August 4th. The stock was sold at an average price of $75.81, for a total transaction of $598,899.00. Following the completion of the transaction, the director directly owned 44,777 shares of the company's stock, valued at approximately $3,394,544.37. This trade represents a 15.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Robert S. Wetherbee sold 50,000 shares of ATI stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $74.66, for a total value of $3,733,000.00. Following the transaction, the chairman directly owned 306,538 shares of the company's stock, valued at approximately $22,886,127.08. The trade was a 14.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 115,307 shares of company stock valued at $8,934,571. 1.10% of the stock is currently owned by company insiders.

Institutional Trading of ATI

Hedge funds and other institutional investors have recently made changes to their positions in the business. WPG Advisers LLC acquired a new stake in shares of ATI in the first quarter valued at $29,000. Golden State Wealth Management LLC increased its stake in shares of ATI by 104.1% in the first quarter. Golden State Wealth Management LLC now owns 596 shares of the basic materials company's stock valued at $31,000 after buying an additional 304 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of ATI by 79.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 386 shares of the basic materials company's stock valued at $33,000 after buying an additional 171 shares in the last quarter. Signaturefd LLC increased its stake in shares of ATI by 117.7% in the second quarter. Signaturefd LLC now owns 381 shares of the basic materials company's stock valued at $33,000 after buying an additional 206 shares in the last quarter. Finally, Bessemer Group Inc. increased its stake in shares of ATI by 139.9% in the first quarter. Bessemer Group Inc. now owns 662 shares of the basic materials company's stock valued at $34,000 after buying an additional 386 shares in the last quarter.

ATI Stock Down 2.6%

Shares of ATI stock opened at $80.17 on Friday. The stock has a market cap of $11.05 billion, a P/E ratio of 27.84, a price-to-earnings-growth ratio of 1.12 and a beta of 1.29. ATI has a one year low of $39.23 and a one year high of $96.20. The stock has a fifty day moving average price of $77.34 and a 200 day moving average price of $74.20. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.52 and a quick ratio of 1.20.

ATI (NYSE:ATI - Get Free Report) last issued its earnings results on Thursday, July 31st. The basic materials company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.72 by $0.02. The firm had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.15 billion. ATI had a return on equity of 21.34% and a net margin of 9.26%.ATI's quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the business earned $0.60 earnings per share. ATI has set its FY 2025 guidance at 2.900-3.07 EPS. Q3 2025 guidance at 0.690-0.75 EPS. Analysts predict that ATI will post 2.89 earnings per share for the current year.

About ATI

ATI Inc produces and sells specialty materials and complex components worldwide. It operates in two segments: High Performance Materials & Components (HPMC) and Advanced Alloys & Solutions (AA&S). The HPMC segment produces various materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, metallic powder alloys, advanced powder alloys and other specialty materials, in long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, and seamless tubes, as well as precision forgings, components, and machined parts.

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