ATI (NYSE:ATI) Given New $167.00 Price Target at KeyCorp

Key Points

• KeyCorp raised its price target on ATI to $167 (from $140) and kept an "overweight" rating, while multiple other brokers also hold buy/overweight views and MarketBeat's consensus rating is "Buy" with an average target of $141.56.
• ATI beat quarterly EPS ($0.93 vs. $0.89) and provided FY2026 guidance of $3.99–4.27 EPS with Q1 2026 guidance of $0.83–0.89.
• The Board authorized a $500 million stock buyback (up to 2.5% of shares), indicating management believes the shares may be undervalued.

ATI (NYSE:ATI - Get Free Report) had its price target increased by stock analysts at KeyCorp from $140.00 to $167.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the basic materials company's stock. KeyCorp's price target would indicate a potential upside of 4.19% from the stock's current price.

Several other brokerages have also commented on ATI. Alembic Global Advisors initiated coverage on ATI in a research note on Thursday, January 15th. They issued an "overweight" rating and a $141.00 price target on the stock. BTIG Research upped their price target on ATI from $120.00 to $165.00 and gave the company a "buy" rating in a research note on Wednesday, February 4th. Wells Fargo & Company initiated coverage on ATI in a research note on Wednesday, April 1st. They issued an "overweight" rating and a $175.00 price target on the stock. JPMorgan Chase & Co. increased their target price on ATI from $135.00 to $150.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $150.00 target price on shares of ATI in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $141.56.

ATI Stock Performance

NYSE ATI opened at $160.28 on Thursday. ATI has a fifty-two week low of $43.96 and a fifty-two week high of $168.14. The stock's fifty day moving average is $146.53 and its two-hundred day moving average is $117.35. The firm has a market capitalization of $21.87 billion, a P/E ratio of 56.53, a price-to-earnings-growth ratio of 1.45 and a beta of 1.00. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.27 and a current ratio of 2.66.

ATI (NYSE:ATI - Get Free Report) last announced its quarterly earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.89 by $0.04. ATI had a return on equity of 24.26% and a net margin of 8.81%.The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the company posted $0.79 EPS. The company's quarterly revenue was up .4% on a year-over-year basis. ATI has set its FY 2026 guidance at 3.990-4.270 EPS and its Q1 2026 guidance at 0.830-0.890 EPS. On average, research analysts anticipate that ATI will post 2.89 earnings per share for the current year.

ATI announced that its Board of Directors has authorized a stock buyback program on Thursday, February 19th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the basic materials company to buy up to 2.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other ATI news, Director David J. Morehouse sold 6,609 shares of the company's stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $154.25, for a total transaction of $1,019,438.25. Following the sale, the director owned 38,168 shares in the company, valued at $5,887,414. This represents a 14.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. True Wealth Design LLC increased its holdings in shares of ATI by 642.9% in the 4th quarter. True Wealth Design LLC now owns 260 shares of the basic materials company's stock valued at $30,000 after acquiring an additional 225 shares during the last quarter. Prestige Wealth Management Group LLC purchased a new position in shares of ATI in the 3rd quarter valued at about $34,000. Meeder Asset Management Inc. increased its holdings in shares of ATI by 2,010.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 422 shares of the basic materials company's stock valued at $34,000 after acquiring an additional 402 shares during the last quarter. Torren Management LLC purchased a new position in shares of ATI in the 4th quarter valued at about $52,000. Finally, Allworth Financial LP increased its holdings in shares of ATI by 50.8% in the 3rd quarter. Allworth Financial LP now owns 534 shares of the basic materials company's stock valued at $43,000 after acquiring an additional 180 shares during the last quarter.

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.

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