Wall Street Zen Downgrades ATI (NYSE:ATI) to Hold

ATI (NYSE:ATI) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Sunday.

Several other brokerages have also recently issued reports on ATI. Zacks Research upgraded shares of ATI from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. BTIG Research upped their price target 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. KeyCorp lifted their price objective on shares of ATI from $120.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. 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. lifted their price target on ATI from $135.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $133.00.

ATI Stock Performance

ATI stock opened at $143.65 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.27 and a current ratio of 2.66. The company has a market capitalization of $19.52 billion, a PE ratio of 50.58, a P/E/G ratio of 1.45 and a beta of 1.02. The company has a 50 day moving average price of $121.32 and a 200-day moving average price of $97.90. ATI has a fifty-two week low of $39.23 and a fifty-two week high of $144.50.

ATI (NYSE:ATI) last released its quarterly earnings data on Tuesday, February 3rd. The basic materials company reported $0.93 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the business posted $0.79 EPS. ATI’s quarterly 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. As a group, equities analysts forecast that ATI will post 2.89 earnings per share for the current year.

Insider Buying and Selling at ATI

In related news, SVP Tina Killough Busch sold 2,598 shares of ATI stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $93.26, for a total value of $242,289.48. Following the completion of the sale, the senior vice president directly owned 21,274 shares in the company, valued at $1,984,013.24. This trade represents a 10.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Timothy J. Harris sold 10,542 shares of the company’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $97.88, for a total transaction of $1,031,850.96. Following the completion of the sale, the vice president directly owned 98,310 shares in the company, valued at $9,622,582.80. This trade represents a 9.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 67,002 shares of company stock worth $7,170,952. 1.10% of the stock is owned by insiders.

Hedge Funds Weigh In On ATI

A number of large investors have recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of ATI in the fourth quarter valued at about $198,787,000. Capital World Investors lifted its stake in ATI by 15.8% in the 3rd quarter. Capital World Investors now owns 7,900,572 shares of the basic materials company’s stock valued at $642,633,000 after buying an additional 1,080,201 shares in the last quarter. Holocene Advisors LP boosted its holdings in ATI by 153.7% in the 3rd quarter. Holocene Advisors LP now owns 1,534,114 shares of the basic materials company’s stock worth $124,785,000 after buying an additional 929,333 shares during the last quarter. UBS Group AG increased its stake in ATI by 143.3% during the 4th quarter. UBS Group AG now owns 1,193,129 shares of the basic materials company’s stock worth $136,923,000 after buying an additional 702,656 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of ATI by 552.7% during the second quarter. BNP Paribas Financial Markets now owns 720,224 shares of the basic materials company’s stock valued at $62,184,000 after acquiring an additional 609,874 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.