ATI (NYSE:ATI) Stock Rating Upgraded by Wells Fargo & Company

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

ATI has been the topic of several other reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $150.00 price objective on shares of ATI in a research report on Wednesday, February 4th. JPMorgan Chase & Co. lifted their target price on ATI from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Wall Street Zen downgraded ATI from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. BTIG Research increased their price objective on shares of ATI from $120.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Finally, KeyCorp assumed coverage on shares of ATI in a report on Wednesday, March 25th. They issued an “overweight” rating and a $140.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $138.56.

ATI Stock Up 4.2%

Shares of ATI stock opened at $151.57 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. ATI has a one year low of $39.23 and a one year high of $168.14. The company’s fifty day moving average price is $143.92 and its 200-day moving average price is $114.91. The company has a market capitalization of $20.68 billion, a price-to-earnings ratio of 53.37, a PEG ratio of 1.44 and a beta of 0.95.

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 the consensus estimate of $0.89 by $0.04. ATI had a net margin of 8.81% and a return on equity of 24.26%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the firm posted $0.79 EPS. ATI’s quarterly revenue 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. Sell-side analysts expect that ATI will post 2.89 EPS for the current fiscal year.

ATI announced that its board has approved a share repurchase program on Thursday, February 19th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the basic materials company to repurchase up to 2.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In related news, Director David J. Morehouse sold 6,609 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $154.25, for a total transaction of $1,019,438.25. Following the completion of the transaction, the director directly owned 38,168 shares of the company’s stock, valued at approximately $5,887,414. This represents a 14.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company’s stock.

Institutional Trading of ATI

A number of large investors have recently added to or reduced their stakes in ATI. Lido Advisors LLC boosted its position in shares of ATI by 2.7% during the 3rd quarter. Lido Advisors LLC now owns 3,784 shares of the basic materials company’s stock valued at $308,000 after acquiring an additional 101 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in ATI by 2.4% during the third quarter. Sequoia Financial Advisors LLC now owns 4,424 shares of the basic materials company’s stock valued at $360,000 after purchasing an additional 102 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in ATI by 12.1% during the third quarter. Smartleaf Asset Management LLC now owns 1,090 shares of the basic materials company’s stock valued at $86,000 after purchasing an additional 118 shares during the last quarter. Activest Wealth Management lifted its position in ATI by 17.6% during the fourth quarter. Activest Wealth Management now owns 834 shares of the basic materials company’s stock valued at $96,000 after purchasing an additional 125 shares during the last quarter. Finally, D.A. Davidson & CO. grew its stake in shares of ATI by 2.0% in the 4th quarter. D.A. Davidson & CO. now owns 7,202 shares of the basic materials company’s stock worth $827,000 after buying an additional 140 shares in 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.