Shares of ATI Inc. (NYSE:ATI) have received a favorable assessment from analysts, with an average recommendation of “Moderate Buy” from eleven firms covering the company, according to Marketbeat.com. Among these analysts, two have assigned a hold rating, while nine have issued buy ratings. The average price target set over the past year stands at $117.75.
Several brokerages have recently updated their ratings on ATI. On October 29, 2024, BTIG Research reaffirmed a “buy” rating and set a price target of $120.00. Alembic Global Advisors initiated coverage on January 15, 2025, granting an “overweight” rating with a target price of $141.00. JPMorgan Chase & Co. raised its target from $118.00 to $135.00, also providing an “overweight” rating on December 19, 2024. Deutsche Bank Aktiengesellschaft set a lower price target at $98.00 on October 8, 2024, while KeyCorp increased their price objective from $120.00 to $132.00 on January 14, 2025.
Institutional investors have also been active in the market regarding ATI. Hunter Associates Investment Management LLC raised its stake by 13.7% during the fourth quarter, now holding 4,150 shares valued at approximately $476,000 after acquiring an additional 500 shares. Newbridge Financial Services Group Inc. and Whalen Wealth Management Inc. both made new investments in ATI, with values of around $106,000 and $451,000, respectively. Other investors, including Sheets Smith Wealth Management and Toth Financial Advisory Corp, have also established new positions in the company.
On October 28, 2024, ATI announced its quarterly earnings, reporting earnings per share (EPS) of $0.85, exceeding the consensus estimate of $0.75 by $0.10. The company’s revenue for the quarter totaled $1.13 billion, matching analyst expectations. Year-on-year, ATI’s revenue increased by 7.1%, with a net margin of 9.71% and a return on equity of 23.34%.
Looking forward, ATI has provided guidance for fiscal year 2025, estimating an EPS between $3.150 and $3.21, with a forecast of $0.840 to $0.90 for the fourth quarter. Analysts are projecting an average EPS of $2.89 for the current year.
ATI, or Allegheny Technologies Incorporated, is a global manufacturer specializing in advanced materials and complex components. The company serves various sectors, including aerospace, defense, oil and gas, and medical industries, operating through two main segments: High Performance Materials & Components and Flat-Rolled Products. The former produces titanium and nickel-based alloys, while the latter focuses on stainless steel and specialty alloy products.
As of the latest trading session, ATI shares opened at $124.54, with a market capitalization of $16.92 billion. The company maintains a P/E ratio of 40.30, a PEG ratio of 1.18, and a beta of 1.02. ATI’s stock has experienced significant volatility over the past year, with a 52-week low of $39.23 and a high of $127.11.
The performance of ATI in the coming months will be closely watched by both analysts and investors as the company navigates a competitive landscape in the specialty materials sector.
