ATI (NYSE:ATI) Cut to “Hold” at Zacks Research

Zacks Research lowered shares of ATI (NYSE:ATI) from a strong-buy rating to a hold rating in a research report report published on Tuesday,Zacks.com reports.

Several other analysts also recently issued reports on ATI. BTIG Research lifted their price target on shares of ATI from $120.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Alembic Global Advisors assumed coverage on shares of ATI in a research report on Thursday, January 15th. They issued an “overweight” rating and a $141.00 price target for the company. Susquehanna set a $155.00 price target on shares of ATI in a research report on Wednesday, February 4th. Wells Fargo & Company assumed coverage on ATI in a research note on Wednesday, April 1st. They set an “overweight” rating and a $175.00 price target for the company. Finally, JPMorgan Chase & Co. lifted their price target on ATI from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $141.56.

ATI Stock Performance

Shares of ATI opened at $159.32 on Tuesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.66 and a quick ratio of 1.27. The stock has a 50-day moving average of $147.28 and a 200-day moving average of $117.64. The company has a market cap of $21.74 billion, a PE ratio of 56.10, a P/E/G ratio of 1.55 and a beta of 1.00. ATI has a one year low of $43.96 and a one year high of $168.14.

ATI (NYSE:ATI) last issued its earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.89 by $0.04. ATI had a return on equity of 24.26% and a net margin of 8.81%.The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the business posted $0.79 EPS. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. ATI has set its FY 2026 guidance at 3.990-4.270 EPS and its Q1 2026 guidance at 0.830-0.890 EPS. On average, equities research analysts predict that ATI will post 2.89 EPS for the current fiscal year.

ATI declared that its board has initiated a share buyback program on Thursday, February 19th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the basic materials company to repurchase up to 2.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Transactions at ATI

In other news, Director David J. Morehouse sold 6,609 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $154.25, for a total value of $1,019,438.25. Following the transaction, the director owned 38,168 shares in the company, valued at $5,887,414. The trade was a 14.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On ATI

Institutional investors have recently bought and sold shares of the company. True Wealth Design LLC lifted its stake in ATI by 642.9% in the fourth quarter. True Wealth Design LLC now owns 260 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 225 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in ATI by 2,010.0% in the third quarter. Meeder Asset Management Inc. now owns 422 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 402 shares during the last quarter. Prestige Wealth Management Group LLC purchased a new position in ATI in the third quarter valued at approximately $34,000. Allworth Financial LP lifted its stake in ATI by 50.8% in the third quarter. Allworth Financial LP now owns 534 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 180 shares during the last quarter. Finally, Torren Management LLC purchased a new position in ATI in the fourth quarter valued at approximately $52,000.

ATI Company Profile

Allegheny Technologies Incorporated (ATI) is a global manufacturer of specialty materials and complex components, serving aerospace, defense, oil and gas, chemical processing, medical and other industrial end markets. The company operates through two main segments: High Performance Materials & Components, which produces titanium and nickel-based alloys, stainless and specialty steels, and precision forgings; and Flat-Rolled Products, which supplies stainless steel, nickel and specialty alloy sheet, strip and precision-rolled plate.