ATI (NYSE:ATI) Receives Buy Rating from BTIG Research

Key Points

• BTIG Research has reaffirmed its "buy" rating for ATI, setting a price target of $120.00, indicating a potential upside of 56.94% from the current stock price.
• Analyst ratings show a strong positive sentiment towards ATI, with six analysts giving a "buy" rating and an average target price of $93.29.
• In recent insider trading, Chairman Robert S. Wetherbee sold 50,000 shares, reducing his ownership by 14.02%, while other insiders also recorded significant sales.

ATI (NYSE:ATI - Get Free Report)'s stock had its "buy" rating reiterated by equities researchers at BTIG Research in a note issued to investors on Friday,Benzinga reports. They currently have a $120.00 price objective on the basic materials company's stock. BTIG Research's price objective points to a potential upside of 51.91% from the stock's current price.

Several other analysts also recently commented on ATI. Zacks Research raised ATI to a "hold" rating in a research note on Tuesday, August 12th. Deutsche Bank Aktiengesellschaft set a $115.00 price objective on ATI and gave the stock a "hold" rating in a research note on Tuesday, July 8th. Susquehanna reduced their price objective on ATI from $105.00 to $100.00 and set a "positive" rating for the company in a research note on Friday, August 1st. Citigroup upgraded ATI to a "positive" rating in a research note on Tuesday, May 20th. Finally, KeyCorp downgraded ATI from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, May 20th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $93.29.

ATI Stock Down 0.6%

NYSE:ATI traded down $0.48 on Friday, hitting $79.00. The stock had a trading volume of 433,066 shares, compared to its average volume of 2,028,559. The business's fifty day moving average is $80.75 and its 200 day moving average is $70.91. The company has a market cap of $10.89 billion, a PE ratio of 27.51, a P/E/G ratio of 1.06 and a beta of 1.27. The company has a quick ratio of 1.20, a current ratio of 2.52 and a debt-to-equity ratio of 0.92. ATI has a 52 week low of $39.23 and a 52 week high of $96.20.

ATI (NYSE:ATI - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.02. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.15 billion. ATI had a return on equity of 21.34% and a net margin of 9.26%.The company's quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company 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. On average, equities research analysts expect that ATI will post 2.89 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director David J. Morehouse sold 7,900 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $75.81, for a total transaction of $598,899.00. Following the sale, the director owned 44,777 shares of the company's stock, valued at approximately $3,394,544.37. This represents a 15.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Robert S. Wetherbee sold 50,000 shares of the firm's stock in a transaction dated 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 completion of the sale, the chairman directly owned 306,538 shares in the company, valued at approximately $22,886,127.08. The trade was a 14.02% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 73,841 shares of company stock valued at $5,567,645. Corporate insiders own 1.10% of the company's stock.

Institutional Trading of ATI

Several institutional investors and hedge funds have recently modified their holdings of ATI. Norges Bank purchased a new stake in shares of ATI in the 2nd quarter valued at about $146,726,000. Forest Avenue Capital Management LP purchased a new stake in shares of ATI in the 1st quarter valued at about $44,867,000. BNP Paribas Financial Markets raised its holdings in shares of ATI by 552.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 720,224 shares of the basic materials company's stock valued at $62,184,000 after acquiring an additional 609,874 shares in the last quarter. Holocene Advisors LP purchased a new stake in shares of ATI in the 2nd quarter valued at about $52,217,000. Finally, Woodline Partners LP increased its position in shares of ATI by 132.0% during the 4th quarter. Woodline Partners LP now owns 991,741 shares of the basic materials company's stock valued at $54,585,000 after purchasing an additional 564,308 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.