ATI (NYSE:ATI) Research Coverage Started at Wells Fargo & Company
by Jessica Moore · The Cerbat GemWells Fargo & Company started coverage on shares of ATI (NYSE:ATI – Free Report) in a report published on Wednesday morning, Marketbeat reports. The firm issued an overweight rating and a $175.00 price objective on the basic materials company’s stock.
A number of other analysts also recently issued reports on the company. Zacks Research raised ATI from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Wall Street Zen cut shares of ATI from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. Alembic Global Advisors assumed coverage on shares of ATI in a research report on Thursday, January 15th. They set an “overweight” rating and a $141.00 price target for the company. Susquehanna set a $155.00 price target on shares of ATI in a research note on Wednesday, February 4th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of ATI in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $138.56.
View Our Latest Stock Report on ATI
ATI Trading Up 0.4%
ATI opened at $147.19 on Wednesday. ATI has a one year low of $39.23 and a one year high of $168.14. The stock has a market capitalization of $20.09 billion, a PE ratio of 51.83, a P/E/G ratio of 1.45 and a beta of 1.00. The business’s 50 day moving average price is $144.88 and its 200 day moving average price is $115.62. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.27 and a current ratio of 2.66.
ATI (NYSE:ATI – Get Free Report) last posted its earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 earnings per share (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 during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter last year, the firm earned $0.79 earnings per share. The firm’s quarterly revenue was up .4% compared to the same quarter last year. 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 research analysts expect that ATI will post 2.89 EPS for the current year.
ATI declared that its Board of Directors has authorized a share repurchase plan on Thursday, February 19th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the basic materials company to buy up to 2.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
Insider Activity
In other ATI news, Director David J. Morehouse sold 6,609 shares of the stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $154.25, for a total value of $1,019,438.25. Following the sale, the director 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 document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.10% of the company’s stock.
Hedge Funds Weigh In On ATI
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ATI. Norges Bank acquired a new stake in shares of ATI during the fourth quarter worth about $198,787,000. Capital World Investors boosted its position in shares of 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 purchasing an additional 1,080,201 shares during the period. Holocene Advisors LP boosted its position in shares of ATI by 153.7% in the 3rd quarter. Holocene Advisors LP now owns 1,534,114 shares of the basic materials company’s stock valued at $124,785,000 after purchasing an additional 929,333 shares during the period. AQR Capital Management LLC grew its stake in ATI by 684.9% during the 4th quarter. AQR Capital Management LLC now owns 1,019,840 shares of the basic materials company’s stock worth $117,037,000 after buying an additional 889,912 shares during the last quarter. Finally, UBS Group AG grew 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 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.