ATI (NYSE:ATI) Coverage Initiated by Analysts at Wells Fargo & Company

Wells Fargo & Company started coverage on shares of ATI (NYSE:ATI) in a research note released on Wednesday, Marketbeat.com reports. The firm issued an overweight rating and a $175.00 price target on the basic materials company’s stock.

Several other equities research analysts have also recently weighed in on ATI. Zacks Research raised ATI from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ATI in a research note on Monday, December 29th. Alembic Global Advisors initiated coverage on ATI in a report on Thursday, January 15th. They issued an “overweight” rating and a $141.00 target price for the company. JPMorgan Chase & Co. increased their price target on ATI from $135.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. Finally, Wall Street Zen downgraded ATI from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. One investment analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company. Based on data from MarketBeat, ATI presently has an average rating of “Buy” and a consensus target price of $138.56.

ATI Price Performance

ATI stock opened at $151.57 on Wednesday. ATI has a 52 week low of $39.23 and a 52 week high of $168.14. The firm has a market capitalization of $20.68 billion, a P/E ratio of 53.37, a price-to-earnings-growth ratio of 1.44 and a beta of 1.00. The company has a fifty day simple moving average of $143.92 and a two-hundred day simple moving average of $114.91. The company has a quick ratio of 1.27, a current ratio of 2.66 and a debt-to-equity ratio of 0.90.

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

ATI announced that its Board of Directors has initiated a share buyback program on Thursday, February 19th that allows the company to buyback $500.00 million in shares. This buyback authorization allows 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 believes its shares are undervalued.

Insider Transactions at ATI

In other ATI news, Director David J. Morehouse sold 6,609 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $5,887,414. This represents a 14.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by insiders.

Institutional Trading of ATI

Several institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada grew its holdings in shares of ATI by 8.1% in the first quarter. Royal Bank of Canada now owns 60,369 shares of the basic materials company’s stock worth $3,140,000 after purchasing an additional 4,542 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in ATI by 49.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 633,948 shares of the basic materials company’s stock valued at $32,984,000 after buying an additional 209,480 shares during the period. Cetera Investment Advisers bought a new position in ATI in the 2nd quarter worth about $324,000. State Board of Administration of Florida Retirement System grew its stake in ATI by 0.6% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 88,728 shares of the basic materials company’s stock worth $7,661,000 after acquiring an additional 498 shares in the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of ATI by 655.7% during the second quarter. Hsbc Holdings PLC now owns 35,684 shares of the basic materials company’s stock worth $3,098,000 after acquiring an additional 30,962 shares during the period.

About ATI

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.