Wells Fargo & Company Initiates Coverage on ATI (NYSE:ATI)

Investment analysts at Wells Fargo & Company initiated coverage on shares of ATI (NYSE:ATI) in a research note issued on Wednesday, Marketbeat Ratings reports. The brokerage set an “overweight” rating and a $175.00 price target on the basic materials company’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 18.89% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Alembic Global Advisors initiated coverage on shares of ATI in a research report on Thursday, January 15th. They issued an “overweight” rating and a $141.00 price objective on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of ATI in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $150.00 target price on shares of ATI in a research note on Wednesday, February 4th. Wall Street Zen downgraded ATI from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. Finally, Susquehanna set a $155.00 price target on ATI in a research report on Wednesday, February 4th. Two investment analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $138.56.

ATI Stock Performance

Shares of ATI stock opened at $147.19 on Wednesday. The company has a market capitalization of $20.09 billion, a P/E ratio of 51.83, a PEG ratio of 1.50 and a beta of 1.00. ATI has a fifty-two week low of $39.23 and a fifty-two week high of $168.14. 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 stock has a 50 day moving average price of $144.41 and a two-hundred day moving average price of $115.14.

ATI (NYSE:ATI) last issued 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 net margin of 8.81% and a return on equity of 24.26%. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter last year, the business earned $0.79 earnings per share. The business’s 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. Analysts expect that ATI will post 2.89 earnings per share for the current year.

ATI declared that its Board of Directors has initiated a stock repurchase plan on Thursday, February 19th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the basic materials company to reacquire up to 2.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Insider Transactions at ATI

In other ATI news, Director David J. Morehouse sold 6,609 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $154.25, for a total value of $1,019,438.25. Following the completion of the sale, the director directly owned 38,168 shares in the company, valued at $5,887,414. This trade represents a 14.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. True Wealth Design LLC boosted its position in shares of ATI by 642.9% during the fourth quarter. True Wealth Design LLC now owns 260 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 225 shares in the last quarter. Meeder Asset Management Inc. lifted its position in ATI by 2,010.0% during the third quarter. Meeder Asset Management Inc. now owns 422 shares of the basic materials company’s stock valued at $34,000 after buying an additional 402 shares during the period. Prestige Wealth Management Group LLC purchased a new position in ATI during the third quarter valued at $34,000. Allworth Financial LP boosted its holdings in shares of ATI by 50.8% during the 3rd quarter. Allworth Financial LP now owns 534 shares of the basic materials company’s stock valued at $43,000 after buying an additional 180 shares in the last quarter. Finally, Torren Management LLC bought a new stake in shares of ATI during the 4th quarter valued at $52,000.

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.