ATI (NYSE:ATI) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of ATI (NYSE:ATI) to a strong-buy rating in a research note published on Tuesday morning,Zacks.com reports.

Several other analysts have also recently commented on ATI. KeyCorp started coverage on shares of ATI in a report on Wednesday, March 25th. They set an “overweight” rating and a $140.00 price objective for the company. Wall Street Zen cut ATI from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. Susquehanna set a $155.00 target price on ATI in a research report on Wednesday, February 4th. Alembic Global Advisors initiated coverage on ATI in a research note on Thursday, January 15th. They set an “overweight” rating and a $141.00 price target for the company. Finally, JPMorgan Chase & Co. raised 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. Two investment analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $138.56.

ATI Trading Down 2.7%

ATI stock opened at $147.19 on Tuesday. ATI has a 1 year low of $39.23 and a 1 year high of $168.14. The firm’s 50 day moving average price is $144.41 and its 200-day moving average price is $115.14. 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 market cap of $20.09 billion, a P/E ratio of 51.83, a PEG ratio of 1.50 and a beta of 1.00.

ATI (NYSE:ATI) last issued 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. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. ATI had a net margin of 8.81% and a return on equity of 24.26%. ATI’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.79 earnings per share. 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 analysts predict that ATI will post 2.89 earnings per share for the current fiscal year.

ATI declared that its Board of Directors has approved a share repurchase program on Thursday, February 19th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the basic materials company to repurchase up to 2.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at ATI

In other news, Director David J. Morehouse sold 6,609 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $154.25, for a total transaction of $1,019,438.25. Following the sale, the director directly owned 38,168 shares in the company, valued at approximately $5,887,414. This represents a 14.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. True Wealth Design LLC increased its stake in ATI by 642.9% during the fourth quarter. True Wealth Design LLC now owns 260 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 225 shares during the last quarter. Meeder Asset Management Inc. lifted its stake 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 valued at $34,000 after purchasing an additional 402 shares during the last quarter. Prestige Wealth Management Group LLC bought a new stake in shares of ATI in the 3rd quarter valued at approximately $34,000. Allworth Financial LP boosted its holdings in shares of ATI by 50.8% in the 3rd quarter. Allworth Financial LP now owns 534 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 180 shares during the period. Finally, Torren Management LLC purchased a new position in shares of ATI in the 4th quarter worth 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.