ATI (NYSE:ATI) Lowered to Hold Rating by Wall Street Zen

ATI (NYSE:ATI) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Sunday.

Several other equities research analysts also recently issued reports on ATI. Susquehanna boosted their price objective on ATI from $185.00 to $215.00 and gave the company a “positive” rating in a report on Thursday. KeyCorp raised their target price on ATI from $175.00 to $211.00 and gave the company an “overweight” rating in a report on Tuesday, June 30th. BTIG Research lifted their target price on ATI from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Zacks Research raised ATI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $194.00 price target on shares of ATI in a research note on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $172.62.

ATI Trading Down 0.8%

ATI stock traded down $1.50 during trading on Friday, hitting $186.86. The company had a trading volume of 644,785 shares, compared to its average volume of 1,690,523. The stock has a market cap of $25.50 billion, a price-to-earnings ratio of 61.87, a price-to-earnings-growth ratio of 1.49 and a beta of 0.96. The company has a current ratio of 2.67, a quick ratio of 1.17 and a debt-to-equity ratio of 0.95. ATI has a 1-year low of $70.42 and a 1-year high of $205.31. The company’s 50 day simple moving average is $179.06 and its 200-day simple moving average is $153.95.

ATI (NYSE:ATI) last released its quarterly earnings results on Thursday, April 30th. The basic materials company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.12. ATI had a return on equity of 26.44% and a net margin of 9.26%.The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the prior year, the firm earned $0.72 earnings per share. The firm’s revenue was up .6% compared to the same quarter last year. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. As a group, analysts expect that ATI will post 4.47 EPS for the current fiscal year.

Insider Activity

In other news, CEO Kimberly A. Fields sold 40,000 shares of ATI stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $182.91, for a total value of $7,316,400.00. Following the completion of the transaction, the chief executive officer owned 157,321 shares in the company, valued at approximately $28,775,584.11. This trade represents a 20.27% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold 160,442 shares of company stock valued at $28,535,831 in the last 90 days. 0.98% of the stock is currently owned by company insiders.

Institutional Trading of ATI

Several hedge funds have recently added to or reduced their stakes in ATI. Wealth Enhancement Advisory Services LLC raised its position in shares of ATI by 53.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 25,648 shares of the basic materials company’s stock worth $3,103,000 after acquiring an additional 8,939 shares in the last quarter. Nordea Investment Management AB acquired a new position in ATI in the fourth quarter valued at approximately $6,114,000. Northwestern Mutual Wealth Management Co. boosted its holdings in ATI by 456.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 129,617 shares of the basic materials company’s stock valued at $14,875,000 after purchasing an additional 106,343 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in ATI by 65.8% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 25,214 shares of the basic materials company’s stock valued at $2,894,000 after purchasing an additional 10,004 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in ATI by 1,062.0% in the fourth quarter. SG Americas Securities LLC now owns 68,417 shares of the basic materials company’s stock valued at $7,852,000 after purchasing an additional 62,529 shares during the last quarter.

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.