ATI (NYSE:ATI) Raised 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 report released on Tuesday,Zacks.com reports.

A number of other brokerages also recently issued reports on ATI. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $150.00 price target on shares of ATI in a report on Wednesday, February 4th. Zacks Research upgraded ATI from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. KeyCorp assumed coverage on ATI in a research note on Wednesday, March 25th. They set an “overweight” rating and a $140.00 target price for the company. Wall Street Zen downgraded ATI from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. Finally, BTIG Research raised their price objective on shares of ATI from $120.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Two research analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. According to MarketBeat.com, ATI currently has an average rating of “Buy” and an average target price of $138.56.

ATI Trading Up 4.2%

NYSE ATI opened at $151.57 on Tuesday. ATI has a 52 week low of $39.23 and a 52 week high of $168.14. The firm has a 50 day moving average of $143.92 and a two-hundred day moving average of $114.91. The company has a quick ratio of 1.27, a current ratio of 2.66 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $20.68 billion, a PE ratio of 53.37, a price-to-earnings-growth ratio of 1.44 and a beta of 0.95.

ATI (NYSE:ATI) last announced its quarterly earnings data on Tuesday, February 3rd. The basic materials company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. ATI had a net margin of 8.81% and a return on equity of 24.26%. The company’s revenue was up .4% on a year-over-year basis. During the same period last year, the business earned $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. As a group, research analysts expect that ATI will post 2.89 EPS for the current fiscal year.

ATI declared that its Board of Directors has initiated a stock repurchase program on Thursday, February 19th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the basic materials company to reacquire up to 2.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Insider Activity at ATI

In other news, Director David J. Morehouse sold 6,609 shares of ATI stock in a transaction dated 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 sale, the director owned 38,168 shares in the company, valued at approximately $5,887,414. The trade was a 14.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

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