ATI Inc. (NYSE:ATI) Receives $93.71 Consensus Target Price from Brokerages

Shares of ATI Inc. (NYSE:ATI) have been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $93.7143.

Several research analysts have recently weighed in on the company. BTIG Research reiterated a “buy” rating and set a $120.00 price target on shares of ATI in a research note on Wednesday, October 29th. JPMorgan Chase & Co. boosted their price objective on ATI from $75.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Zacks Research raised shares of ATI to a “hold” rating in a report on Tuesday, August 12th. Deutsche Bank Aktiengesellschaft set a $98.00 target price on shares of ATI in a research note on Wednesday, October 8th. Finally, Barclays boosted their price target on shares of ATI from $75.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, August 4th.

Insiders Place Their Bets

In other ATI news, CEO Kimberly A. Fields sold 21,153 shares of the stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $85.87, for a total transaction of $1,816,408.11. Following the sale, the chief executive officer owned 202,668 shares in the company, valued at $17,403,101.16. This represents a 9.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Timothy J. Harris sold 10,543 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $96.07, for a total value of $1,012,866.01. Following the completion of the transaction, the vice president directly owned 129,937 shares of the company’s stock, valued at $12,483,047.59. The trade was a 7.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 89,103 shares of company stock worth $7,431,946 in the last three months. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ATI. CenterBook Partners LP purchased a new stake in shares of ATI during the 3rd quarter valued at $1,371,000. NEOS Investment Management LLC grew its position in ATI by 7.6% in the third quarter. NEOS Investment Management LLC now owns 76,016 shares of the basic materials company’s stock worth $6,183,000 after acquiring an additional 5,362 shares in the last quarter. State of New Jersey Common Pension Fund D increased its stake in ATI by 2.4% in the third quarter. State of New Jersey Common Pension Fund D now owns 49,462 shares of the basic materials company’s stock valued at $4,023,000 after acquiring an additional 1,156 shares during the last quarter. HighTower Advisors LLC raised its position in ATI by 10.2% during the third quarter. HighTower Advisors LLC now owns 26,568 shares of the basic materials company’s stock valued at $2,161,000 after purchasing an additional 2,456 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. purchased a new stake in ATI during the third quarter valued at about $3,007,000.

ATI Trading Up 1.5%

NYSE:ATI opened at $97.61 on Wednesday. ATI has a 12 month low of $39.23 and a 12 month high of $103.64. The company has a current ratio of 2.50, a quick ratio of 1.20 and a debt-to-equity ratio of 0.94. The firm’s 50 day moving average is $83.98 and its 200 day moving average is $80.39. The stock has a market capitalization of $13.26 billion, a PE ratio of 31.59, a price-to-earnings-growth ratio of 1.47 and a beta of 1.32.

ATI (NYSE:ATI) last announced its quarterly earnings data on Tuesday, October 28th. The basic materials company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.10. ATI had a return on equity of 23.34% and a net margin of 9.71%.The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period in the prior year, the company earned $0.60 earnings per share. ATI’s revenue was up 7.1% compared to the same quarter last year. ATI has set its FY 2025 guidance at 3.150-3.21 EPS. Q4 2025 guidance at 0.840-0.90 EPS. Sell-side analysts expect that ATI will post 2.89 earnings per share for the current year.

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.