ATI Inc. (NYSE:ATI) Stock Has Consensus Price Target of $223.88

Key Points

• Analysts remain bullish on ATI: Nine analysts rate the stock “buy” and one rates it “strong buy,” with a consensus 12-month price target of $223.88.
• ATI recently beat quarterly expectations, reporting $1.23 in EPS versus the $1.03 consensus and $1.26 billion in revenue, up 10.6% year over year.
• Shares opened at $182.83 after falling 3.4%, while insiders sold roughly $24.1 million worth of stock over the past 90 days; major institutions, including BlackRock, also established or increased positions.

ATI Inc. (NYSE:ATI - Get Free Report) has received an average rating of "Buy" from the ten analysts that are currently covering the stock, Marketbeat.com reports. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $223.88.

ATI has been the topic of several analyst reports. BTIG Research boosted their target price on ATI from $180.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Wells Fargo & Company lowered their price target on ATI from $275.00 to $240.00 and set an "overweight" rating for the company in a research report on Wednesday, September 30th. Susquehanna lifted their price target on ATI from $215.00 to $265.00 and gave the stock a "positive" rating in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $262.00 price target on shares of ATI in a research note on Monday, August 10th. Finally, Zacks Research upgraded shares of ATI from a "hold" rating to a "strong-buy" rating in a research note on Thursday, June 25th.

ATI Trading Down 3.4%

ATI opened at $182.83 on Wednesday. The stock has a market cap of $24.90 billion, a PE ratio of 53.62, a PEG ratio of 1.15 and a beta of 0.99. The company has a quick ratio of 1.14, a current ratio of 2.33 and a debt-to-equity ratio of 0.91. The business has a 50 day moving average of $199.31 and a 200-day moving average of $185.73. ATI has a 52 week low of $81.34 and a 52 week high of $243.57.

ATI (NYSE:ATI - Get Free Report) last announced its earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates of $1.03 by $0.20. ATI had a net margin of 10.09% and a return on equity of 29.27%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the firm earned $0.74 earnings per share. The business's revenue for the quarter was up 10.6% on a year-over-year basis. ATI has set its Q3 2026 guidance at 1.310-1.370 EPS and its FY 2026 guidance at 4.900-5.180 EPS. Equities research analysts predict that ATI will post 5.13 earnings per share for the current fiscal year.

Insider Buying and Selling at ATI

In other ATI news, Director David Morehouse sold 2,485 shares of ATI stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $201.61, for a total value of $501,000.85. Following the completion of the transaction, the director directly owned 35,826 shares of the company's stock, valued at approximately $7,222,879.86. The trade was a 6.49% 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, VP Timothy Harris sold 9,000 shares of the company's stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $191.82, for a total transaction of $1,726,380.00. Following the completion of the transaction, the vice president owned 88,187 shares in the company, valued at approximately $16,916,030.34. This represents a 9.26% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 117,587 shares of company stock worth $24,111,631. 0.98% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On ATI

Several institutional investors and hedge funds have recently made changes to their positions in ATI. BlackRock Inc. purchased a new position in shares of ATI in the second quarter worth approximately $3,687,529,000. Bank of America Corp DE purchased a new stake in ATI during the second quarter valued at approximately $348,285,000. Arrowstreet Capital Limited Partnership increased its holdings in ATI by 231.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,203,726 shares of the basic materials company's stock valued at $175,094,000 after buying an additional 840,455 shares during the last quarter. Bank of New York Mellon Corp bought a new position in ATI in the second quarter worth approximately $168,996,000. Finally, Artemis Investment Management LLP raised its holdings in ATI by 1.5% in the 3rd quarter. Artemis Investment Management LLP now owns 854,431 shares of the basic materials company's stock worth $161,829,000 after purchasing an additional 12,938 shares during the period.

ATI Company Profile

ATI Inc NYSE: ATI is a specialty materials and components manufacturer serving demanding applications in the aerospace and defense, medical, energy, and industrial markets. The company develops and produces materials designed to perform in high-temperature, high-strength, and corrosion-resistant environments.

Its products include nickel-based superalloys, titanium and titanium-based materials, specialty steels, precision-rolled materials, forgings, and other engineered components. These products are used in aircraft engines and airframes, defense systems, medical implants and devices, power-generation equipment, and other industrial applications.

ATI was formed in 1996 through the combination of Allegheny Ludlum Corporation and Teledyne, Inc The company serves customers in the United States and international markets through manufacturing and processing operations across North America and Europe.

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