Citigroup Initiates Coverage on ATI (NYSE:ATI)

Stock analysts at Citigroup assumed coverage on shares of ATI (NYSE:ATI) in a research note issued to investors on Thursday, MarketBeat.com reports. The firm set a “buy” rating and a $229.00 price target on the basic materials company’s stock. Citigroup‘s target price points to a potential upside of 30.61% from the company’s current price.

ATI has been the topic of a number of other research reports. Weiss Ratings lowered shares of ATI from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, October 29th. BTIG Research lowered their target price on shares of ATI from $270.00 to $250.00 and set a “buy” rating on the stock in a report on Friday, October 30th. Wells Fargo & Company dropped their price target on shares of ATI from $275.00 to $240.00 and set an “overweight” rating for the company in a research report on Wednesday, September 30th. TD Cowen increased their price target on ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Finally, KeyCorp lowered their price objective on ATI from $258.00 to $228.00 and set an “overweight” rating on the stock in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $222.22.

ATI Stock Performance

NYSE ATI traded up $6.99 on Thursday, reaching $175.33. The stock had a trading volume of 1,480,981 shares, compared to its average volume of 1,668,561. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.77 and a quick ratio of 1.27. The firm has a fifty day moving average of $186.77 and a two-hundred day moving average of $174.27. ATI has a 1-year low of $93.11 and a 1-year high of $243.57. The company has a market cap of $23.81 billion, a P/E ratio of 43.83, a price-to-earnings-growth ratio of 1.02 and a beta of 1.09.

ATI (NYSE:ATI) last posted its quarterly earnings data on Thursday, October 29th. The basic materials company reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.09. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.32 billion. ATI had a return on equity of 32.30% and a net margin of 11.08%. The company’s quarterly revenue was up 26.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.85 EPS. On average, equities research analysts anticipate that ATI will post 5.22 EPS for the current year.

Insider Buying and Selling at ATI

In other news, VP Timothy Harris sold 16,500 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $210.01, for a total transaction of $3,465,165.00. Following the completion of the sale, the vice president owned 130,187 shares of the company’s stock, valued at approximately $27,340,571.87. This represents a 11.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Kimberly Fields sold 24,845 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $231.19, for a total transaction of $5,743,915.55. Following the sale, the chief executive officer owned 100,719 shares in the company, valued at $23,285,225.61. This represents a 19.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 85,830 shares of company stock valued at $18,046,361 in the last ninety days. 0.98% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ATI

Several institutional investors and hedge funds have recently added to or reduced their stakes in ATI. Signature Equity Partners LLC increased its stake in shares of ATI by 208.5% in the 1st quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 123 shares during the last quarter. CoreCap Advisors LLC bought a new stake in shares of ATI during the 2nd quarter worth $30,000. Retirement Wealth Solutions LLC bought a new stake in shares of ATI during the 3rd quarter worth $30,000. Provenance Wealth Advisors LLC acquired a new stake in ATI in the third quarter valued at about $37,000. Finally, V Square Quantitative Management LLC boosted its stake in ATI by 71.9% in the third quarter. V Square Quantitative Management LLC now owns 220 shares of the basic materials company’s stock valued at $42,000 after buying an additional 92 shares in the last quarter.

ATI News Summary

Here are the key news stories impacting ATI this week:

• Positive Sentiment: Recent coverage points to strong earnings and higher estimates as support for ATI shares. In its latest reported quarter, ATI beat analyst expectations with EPS of $1.46 versus $1.37 and revenue of $1.42 billion versus $1.32 billion; revenue rose 26.5% year over year. ATI Stock Gets A Lift From Strong Earnings And Higher Estimates
• Positive Sentiment: Analyst views are bullish: Citigroup initiated coverage with a Buy rating and a $229 target, while KeyCorp maintained an Overweight rating and a $228 target. KeyCorp also forecasts EPS growth from $5.29 in FY2026 to $6.50 in FY2027, above the cited current-year consensus of about $5.20. Citigroup recommendations KeyCorp Comments on ATI’s Q4 Earnings
• Positive Sentiment: ATI’s strong cash-flow growth, higher EBITDA guidance and disciplined buybacks could support debt reduction and shareholder returns. Can ATI Leverage Strong Cash Generation to Strengthen Returns?
• Neutral Sentiment: A Seeking Alpha article titled “ATI: Flying Too Close To The Sun” signals a cautious view, though the provided headline does not specify its supporting arguments. ATI: Flying Too Close To The Sun
• Neutral Sentiment: The U.S. sale clearance for Sherpa robots concerns ATI Robotics, not ATI Inc., and does not appear to be a direct catalyst for ATI shares. ATI Robotics products cleared for continued U.S. sale

About ATI

ATI Inc produces specialty materials and components for aerospace and defense, energy, medical, and other industrial markets. Its materials include titanium and titanium alloys, nickel- and cobalt-based alloys, specialty stainless steels, and other engineered metals designed for demanding applications.

The company makes products such as sheet, plate, strip, and bar, along with precision forgings, castings, and engineered components. ATI serves customers worldwide through manufacturing and distribution operations in North America and other regions.

ATI was formed in 1996 as Allegheny Technologies Incorporated through the combination of Allegheny Ludlum and Teledyne’s specialty metals businesses.