ATI's (ATI) "Buy" Rating Reaffirmed at 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 reissued by BTIG Research in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $120.00 price target on the basic materials company's stock. BTIG Research's target price points to a potential upside of 56.94% from the company's current price.

ATI has been the subject of several other research reports. JPMorgan Chase & Co. lifted their price target on ATI from $75.00 to $92.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Citigroup upgraded shares of ATI to a "positive" rating in a report on Tuesday, May 20th. Barclays lifted their price target on shares of ATI from $75.00 to $90.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Deutsche Bank Aktiengesellschaft set a $115.00 price target on shares of ATI and gave the stock a "hold" rating in a report on Tuesday, July 8th. Finally, 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. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $93.29.

ATI Stock Performance

Shares of NYSE ATI traded up $0.48 during mid-day trading on Friday, hitting $76.46. 58,862 shares of the company were exchanged, compared to its average volume of 2,035,559. The stock has a 50 day simple moving average of $81.33 and a 200-day simple moving average of $70.39. The firm has a market cap of $10.54 billion, a price-to-earnings ratio of 26.62, a price-to-earnings-growth ratio of 1.04 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 1-year low of $39.23 and a 1-year high of $96.20.

ATI (NYSE:ATI - Get Free Report) last released its quarterly earnings data 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. ATI had a return on equity of 21.34% and a net margin of 9.26%.The firm had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same quarter in the prior year, the business posted $0.60 earnings per share. ATI's revenue 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. On average, sell-side analysts forecast that ATI will post 2.89 EPS for the current fiscal year.

Insider Buying and Selling

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

Institutional Trading of ATI

Institutional investors have recently added to or reduced their stakes in the business. Teacher Retirement System of Texas bought a new stake in ATI during the first quarter valued at $1,243,000. Bank of New York Mellon Corp increased its stake in ATI by 1.2% during the first quarter. Bank of New York Mellon Corp now owns 902,200 shares of the basic materials company's stock valued at $46,941,000 after purchasing an additional 11,048 shares during the last quarter. GAMMA Investing LLC increased its stake in ATI by 39.2% during the first quarter. GAMMA Investing LLC now owns 3,478 shares of the basic materials company's stock valued at $181,000 after purchasing an additional 979 shares during the last quarter. KBC Group NV increased its stake in ATI by 14.2% during the first quarter. KBC Group NV now owns 5,779 shares of the basic materials company's stock valued at $301,000 after purchasing an additional 720 shares during the last quarter. Finally, Bessemer Group Inc. increased its stake in ATI by 139.9% during the first quarter. Bessemer Group Inc. now owns 662 shares of the basic materials company's stock valued at $34,000 after purchasing an additional 386 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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