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

Wall Street Zen lowered shares of ATI (NYSE:ATI) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.

ATI has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $194.00 target price on shares of ATI in a research report on Friday, May 1st. BTIG Research lifted their price target on ATI from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Susquehanna upped their price target on ATI from $185.00 to $215.00 and gave the stock a “positive” rating in a research note on Thursday, July 9th. TD Cowen increased their price objective on ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 13th. Finally, Weiss Ratings raised ATI from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $176.78.

ATI Price Performance

ATI stock opened at $186.86 on Tuesday. ATI has a 1 year low of $70.42 and a 1 year high of $205.31. The company has a market cap of $25.50 billion, a P/E ratio of 61.87, a PEG ratio of 1.53 and a beta of 0.96. The firm has a 50-day moving average of $186.91 and a 200 day moving average of $160.45. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.67 and a quick ratio of 1.17.

ATI (NYSE:ATI) last issued its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.88 by $0.12. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.19 billion. ATI had a net margin of 9.26% and a return on equity of 26.44%. ATI’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the business posted $0.72 earnings per share. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. On average, sell-side analysts forecast that ATI will post 4.49 EPS for the current year.

Insider Buying and Selling at ATI

In related news, CEO Kimberly A. Fields sold 40,000 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer owned 157,321 shares in the company, valued at $28,775,584.11. This represents a 20.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 160,442 shares of company stock valued at $28,535,831. Corporate insiders own 0.98% of the company’s stock.

Institutional Investors Weigh In On ATI

Several hedge funds have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC raised its holdings in shares of ATI by 53.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 25,648 shares of the basic materials company’s stock valued at $3,103,000 after purchasing an additional 8,939 shares during the last quarter. 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 worth $14,875,000 after purchasing an additional 106,343 shares during the last quarter. Bank of Nova Scotia boosted its holdings in ATI by 92.9% in the first quarter. Bank of Nova Scotia now owns 467,149 shares of the basic materials company’s stock worth $67,951,000 after purchasing an additional 224,949 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its position in ATI by 65.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 25,214 shares of the basic materials company’s stock worth $2,894,000 after purchasing an additional 10,004 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in ATI in the 1st quarter worth approximately $4,599,000.

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.