ATI (NYSE:ATI) Reaches New 1-Year High - Should You Buy?

Key Points

• ATI hit a new 52-week high, trading as high as $171.11 (volume ~180,524), and the stock carries a consensus Buy rating with a MarketBeat target of $164.38 while several brokers have raised targets to $175.
• ATI beat quarterly EPS estimates ($1.00 vs. $0.88), reported a 9.26% net margin, and set guidance of Q2 2026 EPS 0.98–1.04 and FY2026 EPS 4.20–4.48 (analysts expect ~4.43 EPS for the year).
• The board authorized a $500 million share repurchase (about 2.5% of shares), while the company has a market cap of $22.38 billion and a relatively high P/E of 54.27, indicating buyback support amid rich valuation.

ATI Inc. (NYSE:ATI - Get Free Report)'s share price hit a new 52-week high on Thursday . The company traded as high as $171.11 and last traded at $162.2650, with a volume of 180524 shares traded. The stock had previously closed at $165.08.

Analysts Set New Price Targets

Several brokerages recently commented on ATI. Zacks Research downgraded shares of ATI from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 7th. JPMorgan Chase & Co. raised their price target on shares of ATI from $150.00 to $175.00 and gave the stock an "overweight" rating in a report on Friday, May 1st. KeyCorp raised their price target on shares of ATI from $167.00 to $175.00 and gave the stock an "overweight" rating in a report on Monday. Alembic Global Advisors began coverage on shares of ATI in a report on Thursday, January 15th. They set an "overweight" rating and a $141.00 price objective for the company. Finally, Wall Street Zen upgraded shares of ATI from a "hold" rating to a "buy" rating in a report on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $164.38.

ATI Price Performance

The company has a quick ratio of 1.17, a current ratio of 2.67 and a debt-to-equity ratio of 0.95. The business's 50-day moving average is $153.54 and its two-hundred day moving average is $127.25. The company has a market capitalization of $22.38 billion, a P/E ratio of 54.27, a price-to-earnings-growth ratio of 1.34 and a beta of 0.94.

ATI (NYSE:ATI - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The basic materials company reported $1.00 earnings per share for the quarter, beating analysts' consensus estimates of $0.88 by $0.12. ATI had a net margin of 9.26% and a return on equity of 26.44%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period last year, the firm earned $0.72 earnings per share. The firm's revenue was up .6% on a year-over-year basis. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. As a group, analysts predict that ATI Inc. will post 4.43 earnings per share for the current year.

ATI declared that its board has authorized a share repurchase plan on Thursday, February 19th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the basic materials company to purchase up to 2.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling at ATI

In related news, Director David J. Morehouse sold 6,609 shares of the firm's stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $154.25, for a total transaction of $1,019,438.25. Following the transaction, the director directly owned 38,168 shares of the company's stock, valued at $5,887,414. This trade represents a 14.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.98% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Little House Capital LLC bought a new position in shares of ATI during the first quarter valued at about $2,101,000. Precision Wealth Strategies LLC bought a new stake in ATI in the first quarter worth about $1,009,000. Freemont Management S.A. raised its position in ATI by 37.2% in the first quarter. Freemont Management S.A. now owns 27,300 shares of the basic materials company's stock worth $3,971,000 after acquiring an additional 7,400 shares during the period. Bessemer Group Inc. raised its position in ATI by 10.3% in the first quarter. Bessemer Group Inc. now owns 2,106 shares of the basic materials company's stock worth $306,000 after acquiring an additional 197 shares during the period. Finally, D.A. Davidson & CO. raised its position in ATI by 29.9% in the first quarter. D.A. Davidson & CO. now owns 9,355 shares of the basic materials company's stock worth $1,361,000 after acquiring an additional 2,153 shares during the period.

ATI Company Profile

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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