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

Stock analysts at Wells Fargo & Company initiated coverage on shares of ATI (NYSE:ATI) in a research report issued on Wednesday. The firm set an “overweight” rating and a $175.00 price target on the basic materials company’s stock. Wells Fargo & Company‘s target price points to a potential upside of 20.97% from the stock’s current price.

Several other analysts have also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $150.00 price objective on shares of ATI in a research note on Wednesday, February 4th. Wall Street Zen cut shares of ATI from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. KeyCorp assumed coverage on shares of ATI in a research report on Wednesday, March 25th. They issued an “overweight” rating and a $140.00 price target for the company. Zacks Research upgraded ATI from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of ATI in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $138.56.

ATI Stock Performance

Shares of NYSE ATI opened at $144.66 on Wednesday. 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 firm has a market cap of $19.74 billion, a price-to-earnings ratio of 50.94, a P/E/G ratio of 1.34 and a beta of 0.95. The stock’s fifty 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.

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 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 the consensus estimate of $1.18 billion. During the same quarter last year, the firm earned $0.79 earnings per share. The company’s 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. On average, equities analysts forecast that ATI will post 2.89 EPS for the current year.

ATI announced that its board has authorized a stock buyback program on Thursday, February 19th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the basic materials company to buy up to 2.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Transactions at ATI

In other ATI news, Director David J. Morehouse sold 6,609 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $154.25, for a total value of $1,019,438.25. Following the transaction, 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 can be accessed through the SEC website. 1.10% of the stock is owned by insiders.

Institutional Trading of ATI

Several large investors have recently made changes to their positions in the company. True Wealth Design LLC increased its stake 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 last quarter. Meeder Asset Management Inc. lifted its stake in ATI by 2,010.0% during the third quarter. Meeder Asset Management Inc. now owns 422 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 402 shares during the last quarter. Prestige Wealth Management Group LLC acquired a new stake in shares of ATI in the 3rd quarter valued at $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 valued at $43,000 after purchasing an additional 180 shares in the last quarter. Finally, Torren Management LLC bought a new position in shares of ATI in the 4th quarter valued at $52,000.

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.