ATI (NYSE:ATI) Rating Increased to Strong-Buy at Wells Fargo & Company

ATI (NYSE:ATI) was upgraded by stock analysts at Wells Fargo & Company to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

Other research analysts have also issued research reports about the company. Alembic Global Advisors started coverage on ATI in a report on Thursday, January 15th. They issued an “overweight” rating and a $141.00 target price on the stock. Wall Street Zen downgraded ATI from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. Susquehanna set a $155.00 price objective on shares of ATI in a research report on Wednesday, February 4th. BTIG Research upped their price objective on shares of ATI from $120.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Finally, KeyCorp began coverage on shares of ATI in a research note on Wednesday, March 25th. They issued an “overweight” rating and a $140.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $138.56.

ATI Price Performance

Shares of ATI opened at $151.57 on Tuesday. ATI has a fifty-two week low of $39.23 and a fifty-two week high of $168.14. The company has a market capitalization of $20.68 billion, a price-to-earnings ratio of 53.37, a price-to-earnings-growth ratio of 1.44 and a beta of 0.95. The firm has a 50-day simple moving average of $143.92 and a 200-day simple moving average of $114.91. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.27 and a current ratio of 2.66.

ATI (NYSE:ATI) last issued its quarterly earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.04. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.18 billion. ATI had a return on equity of 24.26% and a net margin of 8.81%.The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.79 EPS. 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 anticipate that ATI will post 2.89 earnings per share for the current year.

ATI declared that its Board of Directors has initiated a share repurchase 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 an indication that the company’s management believes its stock is undervalued.

Insider Activity 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. True Wealth Design LLC lifted its holdings 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 acquiring an additional 225 shares during the period. Prestige Wealth Management Group LLC acquired a new stake in shares of ATI in the third quarter valued at about $34,000. Meeder Asset Management Inc. lifted its stake in shares of 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 period. Torren Management LLC purchased a new stake in ATI during the fourth quarter worth about $52,000. Finally, Allworth Financial LP grew its position in ATI by 50.8% during the third quarter. Allworth Financial LP now owns 534 shares of the basic materials company’s stock worth $43,000 after buying an additional 180 shares during the period.

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.