ATI (NYSE:ATI) Hits New 52-Week High Following Analyst Upgrade

by · The Cerbat Gem

ATI Inc. (NYSE:ATI – Get Free Report)’s stock price reached a new 52-week high on Friday after JPMorgan Chase & Co. raised their price target on the stock from $118.00 to $135.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. ATI traded as high as $113.57 and last traded at $111.9890, with a volume of 150661 shares. The stock had previously closed at $109.76.

A number of other brokerages have also recently weighed in on ATI. Susquehanna raised their price objective on shares of ATI from $100.00 to $120.00 and gave the company a “positive” rating in a research note on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft set a $98.00 price objective on ATI in a research report on Wednesday, October 8th. KeyCorp upgraded shares of ATI from a “sector weight” rating to an “overweight” rating and set a $120.00 price target on the stock in a research note on Thursday, November 13th. Weiss Ratings reissued a “buy (b)” rating on shares of ATI in a research report on Monday. Finally, BTIG Research reissued a “buy” rating and issued a $120.00 target price on shares of ATI in a report on Wednesday, October 29th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $109.14.

Check Out Our Latest Report on ATI

Insider Transactions at ATI

In other ATI news, CEO Kimberly A. Fields sold 21,153 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $85.87, for a total value of $1,816,408.11. Following the completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Robert S. Wetherbee sold 60,000 shares of the business’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $98.34, for a total transaction of $5,900,400.00. Following the transaction, the chairman directly owned 246,538 shares in the company, valued at approximately $24,244,546.92. The trade was a 19.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 167,387 shares of company stock worth $15,431,377 in the last three months. 1.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. WPG Advisers LLC bought a new position in shares of ATI during the 1st quarter valued at about $29,000. MassMutual Private Wealth & Trust FSB boosted its holdings in ATI by 79.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 386 shares of the basic materials company’s stock worth $33,000 after buying an additional 171 shares in the last quarter. Signaturefd LLC increased its holdings in shares of ATI by 117.7% in the second quarter. Signaturefd LLC now owns 381 shares of the basic materials company’s stock valued at $33,000 after buying an additional 206 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in shares of ATI by 2,010.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 422 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 402 shares during the last quarter. Finally, Prestige Wealth Management Group LLC acquired a new stake in shares of ATI during the third quarter worth $34,000.

ATI Stock Up 2.1%

The business’s 50 day moving average is $96.62 and its 200 day moving average is $86.95. The stock has a market cap of $15.22 billion, a price-to-earnings ratio of 36.21, a price-to-earnings-growth ratio of 1.37 and a beta of 1.08. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.18 and a current ratio of 2.50.

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

ATI Company Profile

(Get Free Report)

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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