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

Research analysts at Wells Fargo & Company initiated coverage on shares of ATI (NYSE:ATI) in a research note issued to investors on Wednesday. The brokerage set an “overweight” rating and a $175.00 price target on the basic materials company’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 20.97% from the stock’s previous close.

Several other research analysts have also weighed in on the company. Zacks Research raised ATI from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Alembic Global Advisors assumed coverage on ATI in a report on Thursday, January 15th. They issued an “overweight” rating and a $141.00 price objective for the company. Wall Street Zen cut shares of ATI from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $150.00 target price on shares of ATI in a report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. upped their price target on shares of ATI from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $138.56.

ATI Trading Up 6.8%

Shares of NYSE:ATI opened at $144.66 on Wednesday. The company’s 50-day moving average price is $143.38 and its two-hundred day moving average price is $114.65. ATI has a one year low of $39.23 and a one year high of $168.14. 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 capitalization of $19.74 billion, a PE ratio of 50.94, a price-to-earnings-growth ratio of 1.34 and a beta of 0.95.

ATI (NYSE:ATI) last announced its quarterly earnings data on Tuesday, February 3rd. The basic materials company reported $0.93 earnings per share 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 analysts’ expectations of $1.18 billion. During the same quarter last year, the company earned $0.79 EPS. ATI’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 analysts forecast that ATI will post 2.89 EPS for the current fiscal year.

ATI declared that its Board of Directors has authorized a share repurchase program on Thursday, February 19th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the basic materials company to reacquire up to 2.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at ATI

In other news, Director David J. Morehouse sold 6,609 shares of the firm’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 completion of the sale, the director directly owned 38,168 shares of the company’s stock, valued at $5,887,414. This trade represents a 14.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On ATI

Large investors have recently added to or reduced their stakes in the business. Asset Management One Co. Ltd. acquired a new position in ATI in the 3rd quarter valued at about $3,664,000. Channing Capital Management LLC lifted its position in ATI by 34.2% during the third quarter. Channing Capital Management LLC now owns 1,109,160 shares of the basic materials company’s stock worth $90,219,000 after acquiring an additional 282,529 shares during the last quarter. Nordea Investment Management AB acquired a new stake in ATI during the fourth quarter worth approximately $6,114,000. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of ATI by 27.4% during the third quarter. Envestnet Portfolio Solutions Inc. now owns 39,682 shares of the basic materials company’s stock worth $3,228,000 after acquiring an additional 8,532 shares during the period. Finally, Intech Investment Management LLC grew its position in shares of ATI by 96.6% in the third quarter. Intech Investment Management LLC now owns 52,090 shares of the basic materials company’s stock valued at $4,237,000 after purchasing an additional 25,590 shares during the last quarter.

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.