ATI (NYSE:ATI) Given "Buy (B-)" Rating at Weiss Ratings

Key Points

• ATI's stock received a reaffirmed "Buy (B-)" rating from Weiss Ratings, with a consensus rating of "Moderate Buy" and an average price target of $90.86.
• Recently, several analysts boosted their price targets for ATI, with Barclays and JPMorgan raising them to $90.00 and $92.00 respectively, while BTIG set a target of $120.00.
• In insider news, CEO Kimberly A. Fields sold 21,154 shares for approximately $1.73 million, marking an 8.64% decrease in her ownership of the stock.

ATI (NYSE:ATI - Get Free Report)'s stock had its "buy (b-)" rating reaffirmed by analysts at Weiss Ratings in a report released on Friday,Weiss Ratings reports.

Several other brokerages have also issued reports on ATI. Zacks Research upgraded ATI to a "hold" rating in a research report on Tuesday, August 12th. Barclays boosted their price target on ATI from $75.00 to $90.00 and gave the company an "overweight" rating in a report on Monday, August 4th. JPMorgan Chase & Co. boosted their price target on ATI from $75.00 to $92.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Susquehanna lowered their price target on ATI from $105.00 to $100.00 and set a "positive" rating for the company in a report on Friday, August 1st. Finally, BTIG Research reiterated a "buy" rating and issued a $120.00 price target on shares of ATI in a report on Friday, September 12th. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, ATI presently has a consensus rating of "Moderate Buy" and an average price target of $90.86.

ATI Trading Down 0.2%

Shares of NYSE:ATI traded down $0.19 during trading hours on Friday, hitting $89.36. 1,666,863 shares of the company's stock traded hands, compared to its average volume of 1,970,406. ATI has a 1 year low of $39.23 and a 1 year high of $96.20. The business has a fifty day moving average price of $78.95 and a 200-day moving average price of $76.27. The firm has a market capitalization of $12.32 billion, a P/E ratio of 31.03, a price-to-earnings-growth ratio of 1.22 and a beta of 1.29. 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 announced its earnings results on Thursday, July 31st. The basic materials company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.02. ATI had a return on equity of 21.34% and a net margin of 9.26%.The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the business earned $0.60 earnings per share. The company's revenue for the quarter was up 4.1% compared to the same quarter last year. ATI has set its FY 2025 guidance at 2.900-3.07 EPS. Q3 2025 guidance at 0.690-0.75 EPS. Equities analysts expect that ATI will post 2.89 earnings per share for the current year.

Insider Transactions at ATI

In other news, CEO Kimberly A. Fields sold 21,154 shares of the company's stock in a transaction on Monday, October 6th. The stock was sold at an average price of $82.03, for a total transaction of $1,735,262.62. Following the transaction, the chief executive officer directly owned 223,821 shares of the company's stock, valued at approximately $18,360,036.63. This represents a 8.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David J. Morehouse sold 7,900 shares of the company's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $75.81, for a total value of $598,899.00. Following the transaction, the director directly owned 44,777 shares in the company, valued at approximately $3,394,544.37. The trade was a 15.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 136,460 shares of company stock valued at $10,750,979. Corporate insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On ATI

A number of large investors have recently made changes to their positions in the business. Meeder Asset Management Inc. increased its position in shares of ATI by 2,010.0% during the third quarter. Meeder Asset Management Inc. now owns 422 shares of the basic materials company's stock worth $34,000 after purchasing an additional 402 shares in the last quarter. Tema Etfs LLC increased its position in shares of ATI by 7.6% during the third quarter. Tema Etfs LLC now owns 76,016 shares of the basic materials company's stock worth $6,183,000 after purchasing an additional 5,362 shares in the last quarter. New York State Teachers Retirement System increased its position in shares of ATI by 4.6% during the third quarter. New York State Teachers Retirement System now owns 150,001 shares of the basic materials company's stock worth $12,201,000 after purchasing an additional 6,573 shares in the last quarter. KLP Kapitalforvaltning AS increased its position in shares of ATI by 1.4% during the third quarter. KLP Kapitalforvaltning AS now owns 29,400 shares of the basic materials company's stock worth $2,391,000 after purchasing an additional 400 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in shares of ATI by 225.8% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 15,210 shares of the basic materials company's stock valued at $1,237,000 after buying an additional 10,542 shares during the last quarter.

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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