Weiss Ratings Reaffirms Buy (B-) Rating for ATI (NYSE:ATI)

Key Points

• Weiss Ratings has reaffirmed a Buy (B-) rating for ATI (NYSE:ATI), indicating continued analyst confidence in the company's stock.
• Shares of ATI increased 0.5%, closing at $83.96, with a reported trading volume significantly lower than its average.
• Analysts have varied price targets for ATI, with an average target of $90.86 and recommendations ranging from Hold to Overweight across multiple research firms.

ATI (NYSE:ATI - Get Free Report)'s stock had its "buy (b-)" rating reiterated by equities research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Several other research firms have also commented on ATI. Susquehanna lowered their price target on shares of ATI from $105.00 to $100.00 and set a "positive" rating on the stock in a report on Friday, August 1st. Barclays raised their price target on shares of ATI from $75.00 to $90.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Deutsche Bank Aktiengesellschaft set a $98.00 price target on shares of ATI in a research note on Wednesday. Zacks Research raised shares of ATI to a "hold" rating in a research note on Tuesday, August 12th. Finally, BTIG Research reaffirmed a "buy" rating and issued a $120.00 price target on shares of ATI in a research note on Friday, September 12th. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, ATI presently has an average rating of "Moderate Buy" and an average target price of $90.86.

ATI Stock Up 0.5%

Shares of ATI stock traded up $0.45 during trading hours on Wednesday, reaching $83.96. 794,403 shares of the company's stock were exchanged, compared to its average volume of 2,009,282. The company has a current ratio of 2.52, a quick ratio of 1.20 and a debt-to-equity ratio of 0.92. The stock's 50 day moving average is $77.37 and its 200-day moving average is $73.76. ATI has a fifty-two week low of $39.23 and a fifty-two week high of $96.20. The company has a market cap of $11.57 billion, a price-to-earnings ratio of 29.15, a P/E/G ratio of 1.14 and a beta of 1.29.

ATI (NYSE:ATI - Get Free Report) last released its earnings results on Thursday, July 31st. The basic materials company reported $0.74 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the firm earned $0.60 EPS. The firm's revenue was up 4.1% on a year-over-year basis. ATI has set its FY 2025 guidance at 2.900-3.07 EPS. Q3 2025 guidance at 0.690-0.75 EPS. Analysts predict that ATI will post 2.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other ATI news, CEO Kimberly A. Fields sold 21,154 shares of the firm's stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $82.03, for a total value of $1,735,262.62. Following the transaction, the chief executive officer directly owned 223,821 shares of the company's stock, valued at $18,360,036.63. This trade represents a 8.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David J. Morehouse sold 7,900 shares of the firm's stock in a transaction that occurred 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 transaction, the director directly owned 44,777 shares in the company, valued at $3,394,544.37. This trade represents a 15.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 115,307 shares of company stock valued at $8,934,571 in the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

Institutional Trading of ATI

A number of hedge funds and other institutional investors have recently made changes to their positions in ATI. Norges Bank acquired a new stake in shares of ATI during the 2nd quarter worth approximately $146,726,000. Forest Avenue Capital Management LP acquired a new stake in shares of ATI during the 1st quarter worth approximately $44,867,000. BNP Paribas Financial Markets increased its holdings in 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 purchasing an additional 609,874 shares during the last quarter. Holocene Advisors LP acquired a new stake in ATI in the 2nd quarter valued at approximately $52,217,000. Finally, Senator Investment Group LP increased its holdings in ATI by 68.7% in the 1st quarter. Senator Investment Group LP now owns 1,212,500 shares of the basic materials company's stock valued at $63,086,000 after purchasing an additional 493,944 shares during the last quarter.

ATI Company Profile

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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