ATI (NYSE:ATI) Sets New 1-Year High - What's Next?

Key Points

• ATI shares hit a new 52-week high, reaching $171.41 intraday and closing near $169 as the stock continued to trade above both its 50-day and 200-day moving averages.
• Analysts remain broadly bullish on the company, with several firms recently raising price targets, including Deutsche Bank at $194 and Susquehanna at $185. MarketBeat reports an overall Buy rating and average target price of $164.38.
• ATI’s latest earnings topped expectations, with Q1 EPS of $1.00 versus the $0.88 estimate, and the company also maintained a $500 million share repurchase authorization. Management issued FY 2026 guidance of $4.20 to $4.48 EPS.

ATI Inc. (NYSE:ATI - Get Free Report) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $171.41 and last traded at $169.0240, with a volume of 377759 shares. The stock had previously closed at $168.76.

Analysts Set New Price Targets

Several brokerages have commented on ATI. Wells Fargo & Company began coverage on shares of ATI in a report on Wednesday, April 1st. They issued an "overweight" rating and a $175.00 price objective for the company. Susquehanna lifted their target price on shares of ATI from $155.00 to $185.00 and gave the company a "positive" rating in a report on Friday, April 10th. Weiss Ratings reiterated a "buy (b-)" rating on shares of ATI in a report on Friday. JPMorgan Chase & Co. lifted their target price on shares of ATI from $150.00 to $175.00 and gave the company an "overweight" rating in a report on Friday, May 1st. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $194.00 target price on shares of ATI in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $164.38.

ATI Stock Up 0.8%

The company has a market cap of $23.21 billion, a P/E ratio of 56.27, a P/E/G ratio of 1.40 and a beta of 0.94. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.67 and a quick ratio of 1.17. The company's 50-day moving average is $154.23 and its two-hundred day moving average is $133.88.

ATI (NYSE:ATI - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The basic materials company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.12. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.19 billion. ATI had a net margin of 9.26% and a return on equity of 26.44%. The firm's quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the firm earned $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. As a group, equities analysts predict that ATI Inc. will post 4.43 earnings per share for the current fiscal year.

ATI announced that its Board of Directors has authorized a stock buyback plan on Thursday, February 19th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the basic materials company to reacquire up to 2.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its shares are undervalued.

Insider Activity at ATI

In related news, CEO Kimberly A. Fields sold 40,000 shares of the firm's stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $159.21, for a total transaction of $6,368,400.00. Following the completion of the sale, the chief executive officer owned 277,763 shares of the company's stock, valued at $44,222,647.23. This trade represents a 12.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David J. Morehouse sold 6,609 shares of the firm's stock in a transaction that occurred on 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 sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. 0.98% of the stock is owned by company insiders.

Institutional Investors Weigh In On ATI

A number of large investors have recently added to or reduced their stakes in ATI. Royal Bank of Canada grew its position in ATI by 8.1% in the 1st quarter. Royal Bank of Canada now owns 60,369 shares of the basic materials company's stock worth $3,140,000 after purchasing an additional 4,542 shares during the period. Goldman Sachs Group Inc. grew its position in ATI by 49.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 633,948 shares of the basic materials company's stock worth $32,984,000 after purchasing an additional 209,480 shares during the period. Cetera Investment Advisers bought a new stake in ATI in the 2nd quarter worth approximately $324,000. M&T Bank Corp bought a new stake in ATI in the 2nd quarter worth approximately $317,000. Finally, First Trust Advisors LP grew its position in ATI by 4.9% in the 2nd quarter. First Trust Advisors LP now owns 197,214 shares of the basic materials company's stock worth $17,028,000 after purchasing an additional 9,234 shares during the period.

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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